Rare earth stocks tumble
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BATON ROUGE, La. ( Louisiana Illuminator) – A Canadian mining company plans to build a facility in Calcasieu Parish to refine rare earth metals used in a variety of motors and electronics in the consumer, technology and defense industries.
Aclara intends to partner with Ucore Rare Metals, which is building its own processing plant in Alexandria, Louisiana. Ucore also operates a rare earth demonstration plant in Kingston, Ontario.
The United States is strategically investing in Australian rare earth projects, such as VHM's Goschen, to reduce dependence on China and strengthen its critical mineral supply chain resiliency.
Admittedly, the initial elation didn't last, and investors later sold off Trilogy stock, still leaving it up nearly double. News out of Washington, D.C., today, however, is causing Trilogy more pain, and the stock is down 18.9% through 10:45 a.m. ET.
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What Are Rare Earth Metals?
Rare-earth metals, also known as lanthanides, are critical parts of modern life that are often hidden in plain sight. Their name comes from the Greek "lanthanein," which means "hidden." True to form, where titanium and steel make up case panels and chassis ...
Ever wonder what happens to those old, broken electronics after tossing them? How about how new ones are being produced despite dwindling resources? The seemingly endless supply of gadgets hides an increasingly critical problem: limited raw resources.
While high tech applications continue to find their way into more parts of our lives and become more ubiquitous, we still often forget some of the key components that make these innovative systems possible. This is especially true of rare earth metals, a ...