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The article reports that Australian Strategic Materials (ASM) has secured a significant five-year sales agreement with USA Rare Earth (USARE) to supply neodymium iron boron (NdFeB) alloy. It mentions agreement marks a milestone for ASM's subsidiary, ASM Korea Co., strengthens its strategic supply relationships with the U.S. magnet production industry, and supports USARE's production increase of high-performance rare earth magnets.

The article reports on the plans of Lynas Rare Earths is planning to invest to expand capacity at the Mt Weld mine and concentration plant in Western Australia. It mentions Lynas intends to raise its previously announced 2025 growth strategy of a 50 percent increase in neodymium praseodymium (NdPr) production to 10,500tpa by 2025. It also mentions Mt Weld hosts the undeveloped Duncan such as rare earths.

The article reports that Australian Strategic Materials Ltd. will start detailed design engineering work on a metals processing plant in Korea after confirmation from a feasibility study. Initially, the Korean Metals Plant will produce high-purity neodymium iron boron (NdFeB) powder and titanium powder. The powder will be used to create rare earth permanent magnets. The approved budget for the detailed design engineering of the plant is disclosed.

The article discusses the coal ash spill at the North Carolina's Dan River which was caused from a ruptured Duke Energy drainage pipe in 2014. Also discussed are the rare earth elements which can be extracted from the burned coal which include neodymium, europium and terbium. It states that the U.S. Department of Energy is investing in research on extraction technologies for coal wastes and a potential return on investment of rare earth elements contained in the coal ash.

The article reviews an advocacy project of the North American Society for Pediatric Gastroenterology, Hepatology and Nutrition (NASPGHAN), which involved a child safety program against the manufacture and sale of consumer products with neodymium magnets.

The article focuses on a study from The Freedonia Group Inc, a US-based industry research firm, which has forecasted an increase in demand of rare earth's magnet segment by increasing the production of its advanced neodymium magnets for its use in wind turbine, hybrid and electrical vehicles. It states that nickel-metal hydride (Ni-MH)batteries is also expected to fuel rare earths demand and it will support fluid cracking catalysts and enhance the demand for lanthanum and cerium.

The article reports that German speciality chemicals group, Lanxess, has made an investment of €200 million and opened a new plant in Jurong Island, Singapore. It states that the new neodymium butadiene rubber facility, which produces synthetic rubber that can increase fuel efficiency and performance in tyres, has an annual production capacity of 140,000 metric tonnes, which will serve international markets, with an emphasis on the growing Asian markets.

The article informs that a team headed by Eric J. Schelter, associate professor at the University of Pennsylvania, has developed a simple and effective method for separating neodymium and dysprosium from each other. It mentions that the U.S. Department of Energy has classified dysprosium and neodymium as ‘critical materials. It also highlights that rare-earth metals are critical components of electronic materials and permanent magnets.

The article reports that car maker Toyota Motor Corp. is close to developing an electric motor for hybrid cars that does not use neodymium, a rare earth metal mined almost exclusively in China. Most motors in hybrids use neodymium, and Toyota's effort is aimed at reducing its dependence on China for that key material.

Molycorp, a producer of rare earth minerals, posted a quarterly profit that beat expectations, and one of its business partners announced a new supply agreement. Hitachi Metals said in a statement that it had entered into a master supply agreement with Molycorp to secure access to the raw materials for its neodymium magnets. Under the new three-year deal, Molycorp will supply Hitachi with didymium metal and alloy, as well as lanthanum oxide. Molycorp posted a profit of 52 cents a share after the markets closed on Friday, topping analysts' expectations of 40 cents. Stock in Molycorp, which is based in Greenwood Village, Colo., rose $4.76, or 9 percent, to $58.90 a share. [ABSTRACT FROM AUTHOR]

The article reports that rare earth-based metal alloys manufacturer Great Western Minerals Group Ltd. has produced neodymium metal. Less Common Metals Ltd. (LCM), subsidiary of Great Western has produced neodymium with the use of electrolytic reduction process. It highlights that earlier LCM had invested in electrolytic cells to increase production of metals.