Australian new rare earth miner, Lynas Corporation seeks financial supports from Japanese users to develop the mine after the firm announced suspension

Australian mineral producer, Lynas announced on 10 February the firm suspends rare earth production at Mount Weld mine in Western Australia

Showa Denko will extend the year-end and New Year holidays at Chichibu plant, Saitama, Japan, where the firm produces rare earth magnet alloys

Toyota Tsusho Corporation announced on Tuesday the firm starts rare earth business. The firm acquired Wako Bussan, which is Tokyo based rare

Showa Denko announced on Wednesday the firm established a joint venture to produce rare earth magnet materials in Vietnam. The JV will produce didymium

Buyers of rare earth elements are looking for potential alternatives to Chinese sources given a tight market is mooted for the medium term at least, and cropping up on their radars is the Australian rare earth hopeful Alkane Resources.

According to Dudley Kingsnorth, Executive Director of private consulting firm Industrial Minerals Company of Australia and REE marketing consultant, current forecasts held that the general REE market would see further tightening in coming years.

Buyers of rare earth elements are looking for potential alternatives to Chinese sources given a tight market is mooted for the medium term at least, and cropping up on their radars is the Australian rare earth hopeful Alkane Resources.