The rare earth deposits in these inaccessible areas should be inventoried and, where potential commercial quantities are found, with appropriate environmental safeguards, opened for bids on leases. Furthermore, the regulatory approval process should be streamlined, simplified and shortened. In Australia and Canada, approval of new mines take two years on average, but in the United States, the same process takes 10 years on average.
Key components of most modern electronics and green energy technologies, as well as defense systems, are made from a small number of elements and critical metals called rare earths. Indeed, rare earth elements are the basis for much of modern technology due to a range of relatively unique properties. From lighting to lasers, magnets to X-ray units, glass tints to electronics, these “rare” minerals are ubiquitous in modern technology.
A Georgia Tech research team has developed a novel technology that enables cost-effective manufacturing procedures after a metal part moves to mass production.
China filed WTO cases challenging U.S. anti-subsidy tariffs on 22 Chinese goods including steel, widening a conflict between the two trading partners.
The Sparrows Point plant, near Baltimore, has about 2,000 employees alone, and employees have been warned of "a lot" of layoffs.
Workers at a Kazakhstan plant owned by Luxembourg-based steel giant ArcelorMittal have held a demonstration to demand higher salaries.
Nucor plans to buy a steel distribution unit of ArcelorMittal for $605 million, expanding its reach in the North American construction industry.
Company held a groundbreaking ceremony Thursday for the new aluminum lithium operation that is expected to begin production in 2014.
While I’m sure science fiction enthusiasms are in their backgrounds, their main motivation is to make more of what they have a lot of already -- money.
Rare Element Resources promises high-wage jobs and economic vitality, but longtime ranchers worry about traffic, water quality and a change of the pace of life.
The company is expected to face calls during its first shareholder meeting for more transparency on its deals in resource-rich Democratic Republic of the Congo.
Copper prices for May delivery climbed 6.5 cents to $3.84 per pound, while gold, silver and palladium all fell.
The IG Metall union says some 800 workers at a Daimler AG auto plant went on strike because they want a 6.5 percent raise.
The CEO said the $1.2 billion expansion was influenced by a decision to extend Alabama's tax incentives for new industries.
About 66,000 of the potentially defective air packs, manufactured by CSE Corp., did not recycle oxygen fast enough to help endangered miners.
In a job where employees deal with heavy, hot molten iron, there is undoubtedly added dangers, but Bremen Casting is seeing a dramatic decrease in injuries thanks to the added safety measures put into place.
Steel makers bounced back in the first quarter, but shipments and sales continue to lag pre-recession levels.
Two Google executives and filmmaker James Cameron plan on sending space-ready robots to extract gold and platinum from asteroids within 10 years.
The global production of key metals increased more than 14 percent in 2010 marking a robust recovery from the sharp decline spurred by the 2009 global recession.
Malaysia granted Lynas a two-year license to operate the first rare earths plant outside China in years, but regulators might keep plans at bay.
Factory production dropped 0.2 percent in March, but manufacturing output still rose at an annual rate of 10.4 percent for the first three months of this year.
A former manager at a southern Kentucky aluminum production plant has pleaded guilty in federal court to environmental charges.
Hoping to restore hundreds of manufacturing jobs, Gov. Earl Ray Tomblin came up with a plan to make the Century Aluminum plant more competitive.
BHP Billiton's iron ore president, who earlier this month sparked a sell-off in global stock markets with gloomy comments on China's economy, is resigning.