US Rare Earths Receives Good News About Last Chance Mine, Lemhi Pass

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US Rare Earths, Inc. reported this month on a promising development of low-cost metallurgical processes for the domestic production of rare earths from its Last Chance Mine is located in the Lemhi Pass Area of Idaho and Montana, which holds one of the longest identified mineralized veins in the region.

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Test work by the Idaho Geologic Survey (IGS) addressed the separation of enriched monazite from the gangue minerals at the laboratory scale level with methods appropriate for scaled up evaluation of the unique mineralogical conditions in the Lemhi Pass Region. Investor Intel has more on the findings.

Consistent prices for Rare Earths MMI® metals continued through the week, where cerium oxide held steady at CNY 13,000 ($2,079) per metric ton. Prices for dysprosium oxide remained constant, closing the week at CNY 1,800 ($287.85) per kilogram. Closing at CNY 1,800 ($287.85) per kilogram, europium oxide remained unchanged for the week.

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Following a steady week, prices for lanthanum oxide closed flat at CNY 13,500 ($2,159) per metric ton. Neodymium traded sideways last week, hovering around CNY 395,000 ($63,167) per metric ton. Neodymium prices held steady from the previous week at CNY 395,000 ($63,167) per metric ton. At CNY 310,000 ($49,574) per metric ton, the week finished with no movement for neodymium oxide.

At CNY 400,000 ($63,966) per metric ton, the price of praseodymium oxide did not change since the previous week. Rare earth carbonate remained essentially flat from the previous week at CNY 25,000 ($3,998) per metric ton. Closing at CNY 18,000 ($2,878) per metric ton, samarium oxide remained unchanged for the week. At CNY 5,100 ($815.57) per kilogram, the price of terbium metal did not change since the previous week.

Terbium oxide remained essentially flat from the previous week at CNY 4,000 ($639.66) per kilogram. Yttria traded sideways last week, hovering around CNY 35,000 ($5,597) per metric ton. At CNY 270.00 ($43.18) per kilogram, the week finished with no movement for yttrium.

The Rare Earths MMI® collects and weights 14 global rare earth metal price points to provide a unique view into rare earth metal price trends. For more information on the Rare Earths MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

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