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Article: Why the Recent Chinese Government Decision on Heavy Rare Earths Has an Impact on Matamec's Kipawa Rare Earths-Yttrium-Zirconium Deposit!
- Article from:
- Marketwire Canada
- Article date:
- August 24, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MONTREAL, QUEBEC, Aug 24, 2009 (Marketwire via COMTEX) -- Matamec Explorations Inc. ("Matamec")(TSX VENTURE:MAT) is pleased to announce that Metal-Pages reported on August 19, 2009, (www.metal-pages.com/news/story/42539/Chinese restrictions on rare earths may speed up development of North American exploration projects) that the Chinese Government restricted the annual export of Rare Earths to 35,000 tpy and prohibited exports of Heavy Rare Earths such as Dysprosium (Dy), Terbium (Te), Thulium (Tm), Lutetium (Lu) and Yttrium (Y).
According to Metal Pages, impact of the Chinese Government decision on the Rare Earth market is as follows:
- while many ...