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Greenland elections: Left-wing party against rare earths project wins race


The
Rare Earths Monthly Metals Index (MMI) fell by 1.9% for this month’s reading, as the Greenland elections this week could have significant ramifications for a rare earths project in the country.
The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies.
Left-wing party against rare earths mine wins Greenland elections
Rare earths mining stood front and center in Greenland’s elections earlier this week.
The left-wing Inuit Ataqatigiit party emerged victorious with 37% of the vote, Reuters reported.
What does Greenland’s election have to do with rare earths? The prevailing party ran on opposition to a mining project at Kvanefjeld on the southern tip of the island. ....

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Rare earths firm Lynas reports results; executive order eyes supply chain


Rare Earths Monthly Metals Index (MMI) rose by 10.6% for this month’s reading.
The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies.
Lynas Rare Earths reports half-year results
Australia’s
Lynas Rare Earths Ltd., the largest rare earths firm outside of China, recently reported its half-year results.
For the half-year ending Dec. 31, 2020, Lynas reported net profit of $40.6 million. That compared with net profit of $3.9 million in the same six-month period in 2019.
Furthermore, it reported EBITDA of $80.6 million during the second half of 2020, up from $44.2 million during the equivalent period the previous year. ....

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