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Commerce Resources C (CCE)
0.3 ? 0.015 (5.26%)
Volume: 13,000 @01/31/20 3:57:17 PM EST
Bid Ask Day's Range
0.285 0.3 0.28 - 0.3
TSXV:CCE Detailed Quote
thank you for heads up;
re;
Canada and US seal deal on critical minerals collaboration
MINING.com Editor | January 9, 2020
https://www.mining.com/canada-and-us-seal-deal-on-critical-minerals-collaboration/
PEAK OIL - EPOCHAL EVENT OF OUR LIVES #board-6609
SUSTAINABLE LIVING FOR CHALLENGING TIMES #board-9881
PEAK BEE POPULATION - COLONY COLLAPSE DISORDER #board-17471
PEAK WATER #board-12656
Canada and US seal deal on critical minerals collaboration
MINING.com Editor | January 9, 2020
https://www.mining.com/canada-and-us-seal-deal-on-critical-minerals-collaboration/
was looking for Predator mining in the Yukon ...but they not on I-hub
anyway they have always been getting good drill results
U.S. and Canada Discuss Supply of Rare Earths as China Dominates
By Laura Millan Lombrana and Theophilos Argitis
September 30, 2019, 2:52 PM EDT Updated on September 30, 2019, 8:00 PM EDT
Partial article follows:
https://www.bloomberg.com/news/articles/2019-09-30/u-s-and-canada-discuss-supply-of-rare-earths-as-china-dominates
Commerce Resources C (CCE)
0.285 ? 0.0 (0.00%)
Volume: 11,000 @10/04/19 3:10:54 PM EDT
Bid Ask Day's Range
0.27 0.285 0.285 - 0.29
TSXV:CCE Detailed Quote
WILL $MCP GET REINSTATED, HUGE AMOUNTS OF RARE EARTH ELEMENTS
http://www.wealthdaily.com.
RE;
WEALTH-Special Report: Rare Earth Primer: Chinese Manipulation and Future Opportunities
China sometimes reminds me of a schoolyard bully that no one has the stones to confront.
https://www.wealthdaily.com/report/rare-earth-primer-chinese-manipulation-and-future-opportunities/802
He'll take your lunch money, make you do his homework, and run your pants up a flag pole during a particularly cold and rainy day...
Or in this case, hoard the world's supply of rare earth metals.
The global investment and manufacturing community's disdain for Chinese manipulation of rare earth markets has led the World Trade Organization (WTO) to rule against China's stockpiling. If China doesn't abide by the ruling, it can be sanctioned.
Of course, by the time they get around to doing that (which could take years), all those WTO hearings and sanction threats won't even matter anymore...
Because by then, true seekers of wealth will have already turned the tables on China's rare earth bullying — and made billions as a result.
Sidestepping China
As you may know, rare earths are found in everything from magnets and smartphones to radar equipment and hybrid vehicles. But don't think for a second that manufacturers of all these products are waiting around for some kind of WTO ruling to save their businesses from ruin...
The fact is any company that relies on rare earths today is either actively developing new technologies that rely less and less on rare earths — or they're simply getting in on a wave of new non-Chinese rare earth producers.
Take Toyota (NYSE: TM), for instance: The automaker has invested in non-Chinese rare earth producers as a hedge, including a Vietnamese mining company that signed off on one such deal just a few months ago. And Toyota recently announced it has developed a way to make hybrid and electric vehicles without rare earths...
The new technology could start appearing in the market within two years.
A Rare Earth Bonanza
As much as 95% of the world's rare earth elements are produced in China. And it is becoming increasingly urgent for developers to find REEs in other parts of the world.
This becomes more and more apparent every time I talk to high-performance battery manufacturers and companies that rely on rare earth magnets for things like wind turbines and energy efficient electric motors.
Bottom line: China needs those REE supplies for its own consumption.
And in the not-too-distant future, those supplies found outside the Middle Kingdom will be the only supplies we'll be able to get our hands on.
So here are a few companies that are operating in this sector that are not based in China:
Avalon Rare Metals, Inc. (TSX: AVL) – projects in Canada
Great Western Minerals Group (TSX-V: GWG) – projects in Canada, South Africa, and the United States
Hudson Resources, Inc. (TSX-V: HUD) – projects in Greenland
Rare Earth Metals (TSX- V:RA) – projects in Canada
Commerce Resources Corp. (TSX- V:CCE) – projects in Canada
And of course, there's Molycorp (NYSE: MCP), which is the only major U.S. public producer of rare earths. This company is ramping up operations in Mountain Pass, California, just about 15 miles from the Nevada border. Molycorp recently started extracting ore and expects to average 40,000 metric tons per year of rare earth oxide ore from the Mountain Pass mine.
During 2010, all six of those stocks delivered massive gains...
Take a look at their returns:
Avalon Rare Metals: +158%
Great Western Minerals: +221%
Hudson Resources: +118%
Rare Earth Metals: +78%
Commerce Resources: +135%
Molycorp: +293%
It was a record year not only for rare earth stocks, but also for rare earth prices...
Lanthanum, for example, went from $5/kilogram to $140/kilogram — a 2,700% increase — and many other rare earths followed suit.
The increased prices put the pressure on companies to reduce their rare earth consumption or find substitutes. And in that wake, prices have receded...
Heavier rare earth elements are scarcer, and are expected to see rising demand in applications such as high-performance magnets and energy-efficient lighting. As a result, they are worth a lot more and did not lose as much value.
For example, Lanthanum oxide is only worth about $13.00/kilogram, while terbium oxide is worth about $1750/kilogram.
As the New York Times reported:
After nearly three years of soaring prices for rare earth metals, with the cost of some rising nearly thirtyfold, the market is rapidly coming back down.
International prices for some light rare earths, like cerium and lanthanum, used in the polishing of flat-screen televisions and the refining of oil, respectively, have fallen as much as two-thirds since August 2011 and are still dropping. Prices have declined by roughly one-third since then for highly magnetic rare earths, like neodymium, needed for products like smartphones, computers and large wind turbines.
Big companies in the United States, Europe and Japan that use rare earths in their manufacturing have been moving operations to China, drawing down inventories, switching to alternative materials or even curtailing production to avoid paying the extremely high prices that prevailed outside China over the summer.
The Next Chapter
You have to remember that we're dealing with China here...
With demand and prices currently falling, many Chinese rare earth companies won't meet their export quotas this year. When that happens, the Chinese Commerce Ministry typically penalizes exporters by giving them smaller quotas the following year.
Not only that, but China's largest producer, Inner Mongolia Baotou Steel Rare-Earth, halted production for a full month in 2011 and late 2012 in an attempt to stoke prices. Other companies followed suit...
Even worse (though better for investors), the Chinese Commerce Ministry also blocks companies from exporting rare earths at prices it deems too low, which inherently means we have a price floor. (Cerium, for example, is currently fetching $25 per kilogram, but China won't export any for less than $70.)
These latest moves by the Chinese have prompted Congress to start researching the creation of a U.S. strategic rare earth reserve, which would serve (at least initially) to foster demand growth.
According to a Financial Times post, several rare earth CEOs have said the creation of a rare earth reserve could potentially create “a rebirth of the U.S. rare earths industry.”
I agree.
With less than a handful of rare earth mines in operation outside of China, continued price fixing games, and the growing use of handheld electronics... any company with access to supply is going to fetch a premium market price.
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reading avalon--- 3 Rare Earth Stocks To Watch in 2019 ! Trade War
Commerce Resources Background
Commerce Resources Corp. (Commerce) is a mineral exploration and development company.
The Company's primary focus is on tantalum, niobium and rare earth elements (REEs). During the fiscal year ended October 31, 2010,
the Company was in the process of exploring three mineral projects located in Canada: the Blue River Tantalum-Niobium Project,
and the Eldor and Carbo Rare Earth Projects.
The Blue River Project is at an advanced-stage of exploration. As of October 31, 2010, the Company had a 100% interest in its Upper Fir, Verity, and
Fir claims, located in the Blue River region of the Kamloops Mining District of British Columbia, Canada.
The Eldor Property is located in the Labrador Trough area of northern Quebec.
The Carbo Property is located approximately 80 kilometers northeast of Prince George, British Columbia.
Commerce Resources Corporation
1450-789 West Pender Street
Vancouver, BC V6C 1H2
U.S. Toll-Free # 1-866-484-2700
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
COMPANY WEB PAGE
http://www.commerceresources.com/
THANK YOU MY FRIEND TSXV-CCE
Commerce Resources getting ready to be a major player in Rare Metals and Tantalum
Commerce Resources Corp. (CVE: CCE) President Chris Grove joined Steve Darling in the Vancouver studio of Proactive Investors to provide details on their two major projects producing rare metals, Niobium, and Tantalum.
Grove also shared the companies next steps and how they hope to put together a joint venture to move the company to the next level.
Published on Sep 18, 2018
John Kaiser, Kaiser Research Online at Metals Investor Forum on May 24-25, 2019 in Vancouver.
3 Rare Earth Stocks To Watch in 2019 ! Trade War
Commerce Resources C (CCE)
0.06 ? 0.0 (0.00%)
Volume: 661,500 @07/23/19 2:17:12 PM EDT
Bid Ask Day's Range
0.055 0.06 0.06 - 0.06
TSXV:CCE Detailed Quote
Commerce Resources C (CCE)
0.07 ? 0.0 (0.00%)
Volume: 254,000 @06/18/19 3:41:25 PM EDT
Bid Ask Day's Range
0.065 0.075 0.07 - 0.075
TSXV:CCE Detailed Quote
Commerce Resources C (CCE)
0.07 ? 0.0 (0.00%)
Volume: 157,700 @06/11/19 3:31:44 PM EDT
Bid Ask Day's Range
0.065 0.075 0.07 - 0.07
TSXV:CCE Detailed Quote
this good link to read thank you
CMRZF - OTCPK
https://seekingalpha.com/symbol/CMRZF
Commerce Resources Corp. (Commerce) is a mineral exploration and development company.
The Company's primary focus is on tantalum, niobium and rare earth elements (REEs).
During the fiscal year ended October 31, 2010, the Company was in
the process of exploring three mineral projects located in Canada:
the Blue River Tantalum-Niobium Project,
and the Eldor and Carbo Rare Earth Projects.
The Blue River Project is at an advanced-stage of exploration.
As of October 31, 2010, the Company had a 100% interest in its
Upper Fir,
Verity, and
Fir claims,
located in the Blue River region of the Kamloops Mining District of British Columbia, Canada.
The Eldor Property is located in the Labrador Trough area of northern Quebec.
The Carbo Property is located approximately 80 kilometers northeast of Prince George, British Columbia.
Commerce Resources Corporation
1450-789 West Pender Street
Vancouver, BC V6C 1H2
U.S. Toll-Free # 1-866-484-2700
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
COMPANY WEB PAGE
http://www.commerceresources.com/
Commerce Resources C (CCE)
0.07 ? -0.005 (-6.67%)
Volume: 184,250 @06/10/19 2:53:01 PM EDT
Bid Ask Day's Range
0.07 0.075 0.07 - 0.075
TSXV:CCE Detailed Quote
does this trade u.s.a ?????
Are Rare Earths China’s Ultimate Weapon?
26.05.2019 Author: F. William Engdahl
https://journal-neo.org/2019/05/26/are-rare-earths-china-s-ultimate-weapon/
China rare earth prices soar on their potential role in trade war
https://www.reuters.com/article/us-usa-trade-china-rareearths/weapon-of-choice-china-rare-earth-prices-soar-on-their-potential-role-in-trade-war-idUSKCN1T70IB
iPhones and cancer drugs rely on Chinese rare-earth minerals. What happens if Beijing limits them?
By Alan Weedon
"Rare-earth minerals form the central building blocks of our modern world — they're used to manufacture smartphones, construct fighter jets and develop cancer treatments."
https://www.abc.net.au/news/2019-06-06/rare-earth-what-happens-if-china-cuts-global-supplies/11167100?fbclid=IwAR1uObAytzjR0yz4Yn-gtqlILeE4GfobvIP-NBfduk3mKFAvd2ML4lCuxso
Is there a way to counter the Chinese stranglehold on rare earth metals?
By Kurt Cobb, originally published by Resource Insights
June 2, 2019
https://www.resilience.org/stories/2019-06-02/is-there-a-way-to-counter-the-chinese-stranglehold-on-rare-earth-metals/
China Raises Threat of Rare-Earths Cutoff to U.S.
Beijing could slam every corner of the American economy, from oil refineries to wind turbines to jet engines, by banning exports of crucial minerals.
By Keith Johnson, Elias Groll | May 21, 2019, 4:39 PM
https://foreignpolicy.com/2019/05/21/china-raises-threat-of-rare-earth-mineral-cutoff-to-us/?fbclid=IwAR3jTHNl4MhphH8TptLp2c-Uc2Hl7EZebPc7cWVaJTW70jR14fFnICOd_sc
A man walks by a bench featuring a U.S. flag outside a store in Beijing on May 15. FRED DUFOUR/AFP/Getty Images
With a simple visit to an obscure factory on Monday, Chinese President Xi Jinping has raised the specter that China could potentially cut off supplies of critical materials needed by huge swaths of the U.S. economy, underscoring growing concerns that large-scale economic integration is boomeranging and becoming a geopolitical weapon.
With the U.S.-China trade war intensifying, Chinese state media last week began floating the idea of banning exports of rare-earth elements to the United States, one of several possible Chinese responses to U.S. President Donald Trump’s decision to jack up tariffs on hundreds of billions of dollars’ worth of Chinese goods and blacklist telecoms maker Huawei.
U.S. oil refiners rely on rare-earth imports as catalysts to turn crude oil into gasoline and jet fuel. Permanent magnets, which use four different rare-earth elements to differing degrees, pop up in everything including ear buds, wind turbines, and electric cars. And China dominates their production.
“It would affect everything—autos, renewable energy, defense, and technology,” said Ryan Castilloux, the founding director of Adamas Intelligence, a strategic metals consultancy. China supplies about 80 percent of the rare-earth elements imported by the United States, which are used in oil refining, batteries, consumer electronics, defense, and more.
Those concerns became a lot more tangible this week when Xi, accompanied by his point man for U.S. trade talks, visited a facility in the heart of China’s rare-earths industrial complex. Xi called for a new “Long March,” a reference to one of the founding epics of the Chinese Communist Party, in its economic war with the United States. “There is always some degree of misinterpretation, but with the timing [of Xi’s visit] it’s our view that the optics suggest what they suggest, and that it is indeed” a veiled threat, Castilloux said.
This wouldn’t be the first time China has used its dominant position in rare earths as geopolitical leverage. In 2010, China sharply limited rare-earth exports to Japan, a big consumer, while the two countries were sparring over disputed islands. The embargo won China some short-term victories but also drove other countries to reassess and reduce their reliance on critical materials that Beijing controls.
“One takeaway from the Japan embargo is that China’s reputation as a stable producer suffered,” said Sagatom Saha, an independent energy policy analyst who’s studied the issue. “I’d be surprised if there were an outright embargo. It would be a drastic measure that would permanently raise alarm bells in global national security circles to achieve a small goal to which it could apply other tools, or even possibly wait out, given Trump’s fickleness.”
But if China does reach for what Castilloux calls the “nuclear option,” it would hammer big chunks of the U.S. economy, though the exact magnitude of such a move is difficult to estimate. The mere threat of China turning off the tap of critical industrial materials highlights a vulnerability that is increasingly worrying analysts and policymakers in Washington, Beijing, and other capitals. Globalized supply chains offer flexibility and lower costs for consumers of a wide range of products. At the same time, the central position of the U.S. dollar and U.S. financial system has streamlined trade and fueled growth. But at times of geopolitical tension, those same efficiencies can suddenly become deadly vulnerabilities—for all countries.
In the last 20 years, the United States has used its dominance of the global financial system to punish its adversaries by blocking them from carrying out transactions with U.S. banks, even if that means browbeating allies in the process. Now, with the prohibition of U.S. firms doing business with Huawei and other Chinese firms, Washington is testing whether it can use critical American technology used by companies the world over in a similar fashion.
Henry Farrell, a political scientist at George Washington University, calls this “weaponized interdependence,” a phrase he coined with co-author Abraham Newman. Globalization has created global economic networks of engineering centers, manufacturers, and suppliers, and countries are now examining these networks to find their weak points and exploit them for geostrategic gain.
Washington’s move against Huawei marks “the opening of a new and much more dramatic stage” in using these tools as part of a conflict that has been brewing between China and the United States for decades, Farrell said.
But whether it’s Chinese threats of withholding critical raw materials or U.S. bans on technology exports, the strategy is fraught with uncertainty and risks. Huawei spends an estimated $11 billion every year on goods from U.S. companies, and it is unclear whether the Trump administration will remain committed to a policy with severe knock-on effects for major American firms such as Qualcomm, Broadcom, and Google. That’s one reason the United States has allowed a 90-day window for U.S. companies to adjust to the new rules—a window that it may extend.
But just as the U.S. moves, meant to punish China, could damage American firms, they could also accelerate the very Chinese policies the Trump administration has sought to derail. China has high-profile plans to increase domestic semiconductor and high-tech manufacturing, and the conflict over Huawei is likely to accelerate those plans, with the possibility of more rapidly eroding U.S. dominance of the global chip market.
“China is looking to be more self-sufficient, or at least less reliant on U.S. components,” said Dexter Thillien, an analyst at Fitch Solutions.
China’s stranglehold on rare-earth elements and other critical minerals and U.S. leverage of its dominance of crucial sectors are hardly new. Countless countries have used a dominant position to wield outsize power in the past.
Treeless ancient Egypt was dependent on Levantine cedar for all the pharaoh’s ships. Middle East Bronze-age societies were beholden to middlemen who could supply tin from as far away as Britain to make bronze weapons. British forces in the U.S. Revolution found themselves suddenly cut off from Spanish-controlled sources of antimalarial quinine, with disastrous effects. In World War I, with demand for explosives skyrocketing, Germany found itself cut off from vital supplies of Chilean nitrates. And, most famously, Japan’s dependence on U.S. oil exports (and the eventual U.S. embargo on sales to Japan) led to Tokyo’s attack on Pearl Harbor and lunge to Southeast Asia in late 1941.
But China’s control of rare-earth processing, as well as its dominant position in other critical minerals like cobalt (used in batteries), gives it potentially even greater leverage than those countries enjoyed in the past. The one mine in the United States producing rare-earth minerals is itself reliant on China for processing the material it pulls from the ground into usable end products.
If China were to take the drastic step of banning or limiting exports of rare-earth elements and advanced materials, there’s not a whole lot the United States could do in the short term. For some imports, especially for permanent magnets, there are alternative suppliers in Australia. But even they face challenges to keep doing business and could lose their ability to process the raw materials so needed by the U.S. economy.
“Then the Plan B for the U.S. would no longer be viable—that’s where it finds itself between a rock and a hard place” with the China pressure, Castilloux said.
In the longer term, any Chinese move to restrict access to critical materials would likely accelerate nascent U.S. efforts to bolster its own economic independence. In late 2017, the Trump administration jump-started efforts to ameliorate U.S. reliance on imported critical minerals. This month, Congress jumped on board, with a bipartisan bill that could help spur mining of U.S. rare-earth elements and other critical minerals, a first step toward addressing a long-recognized weakness.
“A lot of people are waking up to the China challenge. Global interdependence is a strength, but is also proving to be a weakness,” said Ashley Feng of the Center for a New American Security. “Lawmakers are asking a lot more questions about how to reduce that economic interdependence, and I expect to see some concrete action.”
Update, May 22, 2019: This post has been updated to reflect Abraham Newman’s role in coining the term “weaponized interdependence.”
China's rare earth supplies could be vital bargaining chip in U.S. trade war
May 22, 2019 / 5:43 PM
https://tinyurl.com/y5ddyhow
WASHINGTON (Reuters) - Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers.
Rising tensions between the United States and China have sparked concerns that Beijing could use its dominant position as a supplier of rare earths for leverage in the trade war between the two global economic powers.
WHAT ARE RARE EARTHS USED IN?
Rare earths are used in rechargeable batteries for electric and hybrid cars, advanced ceramics, computers, DVD players, wind turbines, catalysts in cars and oil refineries, monitors, televisions, lighting, lasers, fiber optics, superconductors and glass polishing.
Several rare earth elements, such as neodymium and dysprosium, are critical to the motors used in electric vehicles.
RARE EARTHS IN MILITARY EQUIPMENT
Some rare earth minerals are essential in military equipment such as jet engines, missile guidance systems, antimissile defense systems, satellites, as well as in lasers.
Lanthanum, for example, is needed to manufacture night vision devices.
The U.S. Defense Department accounts for about 1% of U.S. demand, which in turn accounts for about 9% of global demand for rare earths, according to a 2016 report from the congressional U.S. Government Accountability Office.
WHICH COMPANIES ARE MOST DEPENDENT ON CHINESE SUPPLIES?
Companies such as Raytheon Co, Lockheed Martin Corp and BAE Systems Plc all make sophisticated missiles that use rare earths metals in their guidance systems, and sensors. Lockheed and BAE declined to comment. Raytheon did not respond to a request for comment.
Apple Inc uses rare earth elements in speakers, cameras and the so-called “haptic” engines that make its phones vibrate. The company says the elements are not available from traditional recyclers because they are used in such small amounts they cannot be recovered.
Since 2010, the government and private industry have built up stockpiles of rare earths and components that use them, according to Eugene Gholz, a former senior Pentagon supply chain expert, who teaches at the University of Notre Dame.
Some suppliers have scaled back their use of such elements, he said.
WHAT ARE RARE EARTHS AND WHERE DO THEY OCCUR?
Rare earth metals are a group of 17 elements - lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, lutetium, scandium, yttrium - that appear in low concentrations in the ground.
Although they are more abundant than their name implies, they are difficult and costly to mine and process cleanly. China hosts most of the world’s processing capacity and supplied 80% of the rare earths imported by the United States from 2014 to 2017. In 2017, China accounted for 81% of the world’s rare earth production, data from the U.S. Geological Survey showed.
Importers made limited efforts to reduce rare earth consumption and dependence on China after a diplomatic dispute between China and Japan in 2010. Japan accused China of halting rare earth supplies for political reasons, sparking recognition worldwide of the risks of dependence on one supplier. China denied it had halted supplies.
Few alternative suppliers were able to compete with China, which is home to 37% of global rare earths reserves.
California’s Mountain Pass mine is the only operating U.S. rare earths facility. But MP Materials, owner of Mountain Pass, ships the roughly 50,000 tonnes of rare earth concentrate it extracts each year from California to China for processing. China has imposed a tariff of 25% on those imports during the trade war.
Australia’s Lynas Corporation Ltd this week said it signed a memorandum of understanding with Texas-based Blue Line Corp to build a rare earth processing facility in the United States.
Rare earths are also mined in India, South Africa, Canada, Australia, Estonia, Malaysia and Brazil.
HOW ARE RARE EARTHS AFFECTED BY U.S. TARIFFS?
So far, the U.S. government has exempted rare earths from tariffs on Chinese goods.
OPTIONS TO REDUCE RELIANCE ON CHINESE IMPORTS
U.S. senators introduced legislation in May to encourage development of domestic supplies.
Recycling has also emerged as a potential source for rare earth minerals.
Nebraska-based Rare Earth Salts is taking old fluorescent light tubes and recycling them for their rare earth elements, which comprise about 20 percent of the bulb, according to the Association of Lamp and Mercury Recyclers.
Reporting by Ernest Scheyder, Mike Stone, David Brunnstrom, Gui Qing Koh, Stephen Nellis, and Andrea Shalal; Writing by Andrea Shalal; Editing by Simon Webb and Lisa Shumaker
Our Standards:The Thomson Reuters Trust Principles.
Commerce Resources getting ready to be a major player in Rare Metals and Tantalum
Insight: Rare–earth metals
TRT World
Published on Oct 12, 2016
Hot Economic Warfare: Scrambling For Rare-Earth Minerals
Profile picture for user Tyler Durden
by Tyler Durden
Fri, 10/05/2018 - 21:55
https://www.zerohedge.com/news/2018-10-05/hot-economic-warfare-scrambling-rare-earth-minerals
Authored by Wayne Madsen via The Strategic Culture Foundation,
Just like the gold rushes of California between 1848 and 1855, Canada’s Klonike of 1896 to 1899, and Western Australia’s of the 1890s, the world is experiencing a frenzy to obtain mining rights in pursuit of today’s “gold,” namely rare earth minerals. Used for components of electric vehicle batteries, mobile telephones, flat-screen televisions, flash drives, cameras, precision-guided missiles, industrial magnets, wind turbines, solar panels, and other high-tech items, rare earth minerals have become the type of sought-after commodity that uranium and plutonium were during the onset of the atomic age.
Rare earth minerals do not easily roll off one’s tongue in the same manner as gold, silver, and platinum. For example, yttrium oxide and europium, while sounding unimportant, are what provide the red hue in color televisions.
Nations around the world are scrambling to secure reserves containing rare earth minerals. China, where one-third of the planet’s rare earth minerals are currently found, has severely restricted the export of the minerals to friends and competitors. One of the largest known reserves of rare earths is the Bayan Obo deposit in China’s Inner Mongolia.
China’s export restrictions have sent nations around the world on search missions to secure both known and untapped rare earth deposits. One such mother lode of rare earth minerals has been discovered in the eastern southern Pacific Ocean. The estimates are that the deep ocean region contains twice the amount of rare earths than found in China.
Some of these deposits are in undersea geologically active zones, where deep sea floor vents spew rare earth minerals from expulsions of lava and hot gases. The discovery that the South Pacific region is rich in rare earths has led European nations, including France and Britain, which maintain colonies in the area, re-staking their colonial footprints.
France, for example, is reticent to grant further autonomy or independence to New Caledonia, where an independence referendum is scheduled for November 8, French Polynesia, and Wallis and Futuna. Similarly, Britain has showed a renewed interest in the Pitcairn Islands, where a handful of descendants of the HMS Bounty mutineers continue to live.
In 2015, Australia stamped out self-government of Norfolk Island, turning the island into a hybrid municipality of New South Wales and the Australian Capital Territory. New Zealand has vetoed ambitions by two of its elf-governing “associated states” – the Cook Islands and Niue – for full membership in the United Nations. For these colonial powers, it is not what is about what lies above the sea – island resorts – but what lies under the sea within the marine borders of the territories and that is rare earth minerals.
With the melting of the Greenland Ice Sheet, rare earth reserves have been discovered in Greenland, a “self-governing” territory of Denmark. Moves by the Greenland government to seek independence from Denmark and permit Chinese companies to mine rare earth minerals have met with stiff opposition from Denmark, the United States, and NATO.
Other countries possessing significant deposits of rare earths include India, Russia, Vietnam, Malaysia, South Africa, Australia, Canada, Brazil, and the United States. These nations, as well as China, all have varying degrees of the necessary political, economic, and military might to protect their rare earth resources.
However, some developing nations, where rare earths have been discovered, are candidates for ruthless exploitation by multinational firms, some under the direction of governments, to secure exclusive mining rights. In fact, Toyota, which has a tight relationship with the Japanese government, bought a rare earth mine in Vietnam to ensure such exclusivity rights.
Japan may not have to worry about Vietnam as its major source of rare earths. Earlier this year, a deposit of some 16 million tons of rare earth mineral oxides was discovered in deep sea mud located 1150 miles southeast of Tokyo. The deposit contained much of the rare earths upon which Japan’s consumer electronics industry is reliant: yttrium, dysprosium, terbium, and europium.
In countries like the Democratic Republic of Congo, columbite-tantalite, a mineral used in the manufacture of semi-conductor chips, is such a hot commodity that rival warlords, some acting on behalf of outside players, including Rwanda, Uganda, Israel, Japan, China, and the United States battle one another for control of the mineral’s extraction and export.
The Rwanda Mines, Petroleum, and Gas Board signed a deal in 2017 with a major Japanese rare earth extraction firm for the exploration and mining of rare earths, as well as tungsten, in Rwanda. However, Rwandan President Paul Kagame is known to have backed fellow Tutsi rebels in the DRC, who exploit rare earth mines in South and North Kivu provinces and send the stolen minerals to Rwanda. There have been attempts to curtail the trade in “conflict minerals” in the Great Lakes region of Africa, but they have all come to no avail.
Currently, US and Chinese firms are waging a political and economic influence “war” for access to lithium, cassiterite, and cobalt reserves in the DRC.
Next door to the DRC, in civil war-ravaged Burundi, there was a discovery of exceptionally high-grade “main vein” of rare earth minerals in 2017. Burundi, which was once a German colony, saw Germany’s ThyssenKrupp move in to exploit the mineral resources. ThyssenKrupp also began building a processing plant in Burundi. The German government has come under attack from human rights groups that accuse it of backing the German mining venture, known as the Gakara Project, even though Burundi’s president, President Pierre Nkurunziza, was dubiously elected to a third term in office. German business groups have countered with the argument that if Germany was not mining Burundi’s rare earths, China would be doing so.
The French government is not only concentrating its rare earth mining activities in its traditional Francophone sphere of influence in Africa – Morocco, Burkina Faso, Niger, Madagascar, Guinea – but further afield, including the pursuit of joint venture mining activities in Kazakhstan.
In the United States, the Pentagon has recognized the military importance of rare earths. The Defense Logistic Agency's Strategic Materials department is tasked to ensure a continued supply of rare earths to US defense contractors. The US Energy Department tracks rare earth discoveries and mining operations around the world, thanks to a constant infusion of intelligence from the Central Intelligence Agency and National Security Agency. The Trump administration has moved to open US federal wildlife areas, national parks, and other lands to exploration and mining of rare earths to private companies, much to the chagrin of environmentalists and Native American tribal governments.
In a rush to lessen dependence on Chinese exports of rare earths, which have, in any event, been restricted by Beijing, nations and companies around the world have launched a cut-throat competition to gain leverage over the rare earth market. What peaks the interest of gatherers of economic intelligence are references in email, video conferences, phone calls, faxes, and financial documents to such terms as europium, terbium, dysprosium, yttrium, samarium, and other rare earths.
As the world becomes more dependent on high-tech and an “Internet of things,” consisting of computers, mobile phones, appliances, televisions, security systems, automobiles, etc., the economic war for control of rare earth minerals will increase. There is the extreme possibility that economic warfare could turn into shooting wars, as has already been the case in the DRC.
Canadian rare earth elements miners band together for survival in pricing downturn
Peter Henderson, The Canadian Press
Published Wednesday, September 16, 2015 4:52PM EDT
Contents from a tailings pond is pictured going down the Hazeltine Creek into Quesnel Lake near the town of Likely, B.C. on August, 5, 2014. (Jonathan Hayward / The Canadian Press)
http://www.ctvnews.ca/business/canadian-rare-earth-elements-miners-band-together-for-survival-in-pricing-downturn-1.2566604
Rare Earth Metals Lanthanum-night vision goggles
https://center.sustainability.duke.edu/resources/green-facts-consumers/rare-earth-metals
You may not realize it, but the average American has become highly dependent on Rare Earth Metals for many aspects of their daily life. However, the future availability of these metals may be at risk due to a variety of factors including consumption rates of an increasing global middle class as well as geopolitics.
Rare earth elements are all metals and are a group of seventeen chemical elements consisting of yttrium and the 15 lanthanide elements (lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, and lutetium). Scandium is found in most rare earth element deposits and is sometimes classified as a rare earth element. Counter to their name, Rare earth metals are not so rare in the environment. They were given their name because the metals are very difficult to mine economically since it rare to find them in concentrations high enough for economical extraction.
Consumers depend on rare earth metals (REMs) for products used everyday including smart phones, health care products, fluorescent lighting, computer memory, DVD's, rechargeable batteries, car catalytic converters, magnets, fluorescent lighting, and much more. The demand for REMs has skyrocketed with technological advances including electric vehicles and electronics. Tiny amounts of rare earth metals are used in most small electronic devices. These devices have a short life-span and REE recycling is infrequently done. Billions are thrown away each year. Renewable energy projects including wind turbines are highly dependent on REMs for their magnets. Some large turbines require two tons of rare earth magnets. The Department of Defense is also highly dependent on REMs for technologies including night-vision goggles, alloys for armored vehicles, projectiles and precision-guided weapons. Examples include:
Neodymium-laser range finders, guidance systems and communications
Europium-fluorescents and phosphors in lamps and monitors
Erbium-amplifiers in fiber-optic data transmission
Samarium- magnets for high temperatures & precision guided weapons
The World is Dependent on China
China is the dominant producer and user of rare earth elements and is believed to be responsible for over 95% of the world mine production on a rare earth oxide equivalent basis. It now consumes over 65% of global output. In 2010, China decided to reduce exports by 40%, which had an initial price spike impact. However, it also served to reduce demand to the high costs, which resulted in China increasing exports. In the United States, Molycorp is opening up the Mountain Pass mine in California to provide additional REM resources.
For further information see: http://minerals.usgs.gov/minerals/pubs/commodity/rare_earths/
RARE EARTH TECHNOLOGY ALLIANCE - NEWS ROOM
http://www.rareearthtechalliance.com/NewsRoom
Commerce Resources Corp. Engages Deloitte Global Metals & Mining Advisory Group as Strategic Advisor
VANCOUVER, Nov. 3, 2014 /CNW/ - Commerce Resources Corp. (TSXv: CCE, FSE: D7H) (the "Company" or "Commerce") is pleased to announce that Deloitte Global Metals & Mining Group ("Deloitte") has been engaged to assist the Company in identifying and evaluating processing partnerships, financing joint ventures, and/or offtake opportunities for the development of its 100% owned Ashram Rare Earth Element Deposit in Quebec, and Upper Fir Tantalum and Niobium Deposit in British Columbia, Canada.
Commerce President Chris Grove states: "We are impressed by the track record of Deloitte in connecting mineral projects to joint venture partners and we look forward to working with them for the development of both of our assets. Historically, Deloitte has been successful in connecting companies with joint venture partners from China, Japan and Korea and we are excited to be working with them in this region".
Jeremy South, Deloitte's Global Mining M&A Leader commented, "Our team of Mining M&A professionals in Canada and Asia will work closely with Commerce's management team to achieve its goal of accelerating the development of both the Ashram Rare Earth Element Deposit and the Upper Fir Tantalum and Niobium Deposit via securing a long-term strategic partner. We look forward to leveraging our global reach and expertise to assist Commerce."
About Deloitte Global Metals & Mining Advisory Group
Deloitte's Global Metals & Mining Advisory Group offers sophisticated investment banking advice to companies participating in transactions globally. With over 3,000 M&A Advisory professionals, Deloitte has one of the largest M&A practices in the world. It has an extensive presence in Asia Pacific - with over 900 M&A professionals based in this region. Deloitte is also a leading global provider of professional services to the metals & mining sector with extensive experience advising on project finance transactions. The core service team working with Commerce will be based in Vancouver, Beijing, Seoul, Tokyo and Frankfurt; also drawing on experienced Deloitte professionals in Toronto, Singapore, London and Perth.
About Commerce Resources Corp.
Commerce Resources Corp. is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The Company is focused on the development of its Ashram Rare Earth Element Deposit in Quebec and the Blue River Tantalum-Niobium Project in British Columbia.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"Chris Grove"
Chris Grove
President
Tel: 604.484.2700
Email: info@commerceresources.com
Web: http://www.commerceresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include but are not limited to that the Advisor will be successful in identifying processing partnerships, financing joint ventures or offtake opportunities or that the Company will be successful in securing a long-term strategic partner. Forward-looking information is provided as of the date hereof and we assume no responsibility to update, or revise them to reflect new events or circumstances.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Investors who have indicated their investment intent may not close as expected. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
SOURCE Commerce Resources Corp.
Copyright 2014 Canada NewsWire
Looking forward to when you buy; good luck. I think your patience will be rewarded! But Commerce still needs a joint venture, in my opinion.
sumi
Wondering what will be your entry price; American offer was 22 cents today. Good luck
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Commerce Resources Background
Commerce Resources Corporation
1450-789 West Pender Street
Vancouver, BC V6C 1H2
U.S. Toll-Free # 1-866-484-2700
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COMPANY WEB PAGE
http://www.commerceresources.com/
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FACTS ABOUT COMMERCE RESOURCES AND TANTALUM
Commerce Resources has an increasingly important 100% owned tantalum-niobium property at Blue River in British Columbia Canada.
The United States does not have a tantalum mining industry because U.S. resources are of low grade, and the United States must import all of its tantalum source materials for processing.
Tantalum has been classified as a "strategic metal" by the United States Government.
It is worth currently about $200 Canadian per pound. (About $170 U.S.)
Commerce, through drilling and extensive analysis, has defined a resource of more than 8 million pounds of Ta2 05. This resource value
was developed using official 43-101 standards mandated by the Canadian Government for their resource mining companies.
Most of the World's tantalum goes into making capacitors for electronics... (for example, in cell phones).
The use of tantalum is preferred over other metals due to its reliable long life, low energy use, resistance to temperature fluctuations and high capacitance.
Tantalum is VITAL! It cannot be substituted by other metals for high function cell phones such as picture, video, colorscreen phones and Blackberry devices (small handheld e-mailers).
Given the growing usage and dependence of people on cell phones and computers,
it is no wonder that TANTALUM is being called
"THE HIGH TECH METAL" and also called "THE METAL OF THE FUTURE."
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COMMERCE RESOURCES INC.FILINGS & PUBLIC DOCUMENTS with SEDAR
http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00016212
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COMPANY DETAILS
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FOR COMMERCE NEWS RELEASES
http://finance.yahoo.com/q?s=cce.v
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INFORMATION LINKS FOR TANTALUM AND NIOBIUM
http://minerals.usgs.gov/minerals/pubs/commodity/niobium/
TANTALUM-NIOBIUM INTERNATIONAL STUDY CENTER
http://www.tanb.org/index.html
Element Tantalum - TA
http://environmentalchemistry.com/yogi/periodic/Ta.html
Table of contents for tantalum
http://www.webelements.com/webelements/scholar/elements/tantalum/index.html
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OTHER DUE DILIGENCE
Commerce Resources Corporation and Tantalum by Ed Hone, Mar 2, 2007
http://www.321gold.com/editorials/hone/hone030207.html
EMPOWERING HIGH TECH MATERIALS - H.C. Starck
http://www.youtube.com/watch?v=V7u102FJdoM
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COMMENTS FROM SHAREHOLDERS
Sumisu 2/07/2007
"Fortuitously Commerce Resources enjoys these power and transportation advantages.
I just wish I had more funds to increase my position at the current price."
EnergyGuy62 2/06/2007
"Suppose it turns out, that the Blue River is one huge massive all-joined-together-everywhere deposit?
....if you look at a map of the Blue River Property, the Fir deposit, the Verity deposit and the Upper Fir deposit stretch across the northern part of the property.
And the Bone Creek deposit is in the south central part."
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