Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Commerce Resources Corp V.CCE

Alternate Symbol(s):  CMRZF

Commerce Resources Corp. is a Canada-based junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is primarily focused on suppling of mixed rare earth carbonate and/or neodymium and praseodymium (NdPr) oxide to the global market. Its primary asset is the Eldor Property in Quebec. The Eldor Property is situated in northern Quebec approximately 130 km south of the town of Kuujjuaq. The Property is 100%-owned by the Company and is composed of 244 claims comprising approximately 11,475 hectares, including the Ashram Rare Earth Deposit. Capacitor Metals Corp. is the wholly owned subsidiary of the Company.


TSXV:CCE - Post by User

Bullboard Posts
Post by thairaton May 29, 2019 11:03am
22 Views
Post# 29781513

U.S. Risks ‘Devastating’ Blow From China’s Rare Earths Monop

U.S. Risks ‘Devastating’ Blow From China’s Rare Earths Monop

U.S. Risks ‘Devastating’ Blow From China’s Rare Earths Monopoly

U.S. Risks ‘Devastating’ Blow From China’s Rare Earths Monopoly

(Bloomberg) -- Beijing’s threat to use its dominance of rare earths in the trade war risks serious disruption to U.S.
industry, by starving manufacturers of components commonplace in everything from cars to dishwashers and military
equipment. And, it’s a stranglehold that might take years to break.

China could wreak maximum havoc by squeezing supplies of the magnets and motors that use the elements, said
Jack Lifton, co-founder of Technology Metals Research LLC, who’s been involved with rare earths since 1962.
The impact on American industry could be “devastating,” he said from Michigan.

“There is no such thing as an automobile sold in the U.S. or made in the U.S. that doesn’t have rare-earth permanent
magnet motors somewhere in its assembly,” Lifton said. “It would be a tremendous hit to the consumer appliance
industry and the automotive industry. That means washing machines, vacuum cleaners, cars. The list is endless.”

Beijing is gearing up to use the minerals as a counter in its trade battle with Washington, according to a salvo of
media reports in China on Wednesday, potentially exploiting U.S. reliance on China for about 80% of its supply.
It would represent a significant escalation in a trade dispute that has already roiled markets and threatened global
growth.

Most of the rare earths mined outside China still end up there for processing -- even the sole U.S. mine at Mountain
Pass in California sends its material to the nation -- as Beijing seeks to dominate manufacturing of higher-value products.

Fine Wines

“China and rare earths is a bit like France and wine -- France will sell you the bottle of wine, but it doesn’t really
want to sell you the grapes,” said Dudley Kingsnorth, an industry adviser and Perth-based executive director at
Industrial Minerals Co. of Australia Pty. It’s a strategy intended to encourage end-users like Apple Inc.,
General Motors Co. and Toyota Motor Corp. to add manufacturing capacity in China, he said.

The collection of 17 elements, which includes neodymium, used in magnets, and ytrrium for electronics, are actually
quite abundant in the earth’s crust, but mineable concentrations are less common than other ores. In terms of processing,
China’s capacity is already about double existing global demand, Kingsnorth said, making it more difficult for
foreign companies to enter and compete in the supply chain.

For example, rare-earth permanent magnets are used in miniature motors or generators in many, now ubiquitous,
technologies. In a car, they allow windscreen wipers, electric windows, and power steering to function. And China
accounts for as much as 95% of world output, according to Industrial Minerals Co.

“The development of alternative rare earth supplies is not something that can occur overnight,” said George Bauk,
chief executive officer of Northern Minerals Ltd, which produces rare earths carbonate, a preliminary product, from a
pilot plant in Western Australia. “There will be a lag time for the development of any new projects.”

A case in point is the last time Beijing used rare earths as a political weapon. In 2010, it blocked exports to Japan after
a maritime dispute, and while the consequent spike in prices saw a flurry of activity to secure supplies elsewhere, and
a case brought to the World Trade Organization, nearly a decade later the nation is still the world’s dominant supplier.

“Even if the U.S. government said they were going to fund the supply chain, it would take years,” said industry veteran
Lifton. “You can’t just say I’m going to build a mine, I’m going to make a separation plant, and a magnet or metals
facility. You have to design them, build them, test them, and that doesn’t happen in five minutes.”

--With assistance from Hannah Dormido.

https://finance.yahoo.com/news/u-risks-devastating-apos-blow-063020570.html
Bullboard Posts