| INDUSTRY BULLETIN: CBS '60 Minutes' airs segment on rare earths security of supply | |
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In our ongoing efforts to provide you with broader communications and industry information, this Bulletin brings to your attention a twenty-minute program segment on CBS' 60 Minutes broadcast on March 22, 2015 entitled "Modern life's devices under China's grip?" The video and transcript can be found at:
http://www.cbsnews.com/news/rare-earth-elements-china-monopoly-60-minutes-lesley-stahl/
The program focuses on the security of supply issue created by China's virtual monopoly on rare earths production. One of the key points raised is that the US defense technologies increasingly rely on rare earths, putting US national security at risk to supply shortages. The segment closed with a comment on the current financial challenges facing the only current US producer, Molycorp.
However, the program did not make the distinction between the light and heavy rare earth elements and the fact that the heavy rare earth elements such as Dysprosium, Terbium, Europium, Lutetium and Yttrium are even more vulnerable to supply shortages, since neither Molycorp nor Australia's Lynas Corp. are producing significant quantities of these heavy rare earths. This remains the market opportunity that Avalon Rare Metals intends to serve with its Nechalacho Heavy Rare Earths Project in the Northwest Territories of Canada.
Other commentary on this subject provided by Avalon can be found in previous Industry Bulletins "" (January 7, 2015).
About Avalon Rare Metals Inc.
Avalon Rare Metals Inc. is a mineral development company focused on rare metal deposits in Canada, with three advanced stage projects. Its 100%-owned Nechalacho Deposit, Thor Lake, NWT is exceptional in its large size and enrichment in the scarce "heavy" rare earth elements, key to enabling advances in clean technology and other growing high-tech applications. Avalon is also advancing its Separation Rapids Lithium Minerals Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : AVL.TO |
ISIN : CA0534701002 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Avalon Rare Metals is a exploration company based in Canada. Avalon Rare Metals holds various exploration projects in Canada. Its main exploration properties are SEPARATION RAPIDS, WARREN TOWNSHIP, EAST KEMPTVILLE, LILYPAD LAKES, THOR LAKE, CEDARTREE LAKE, WOLF / DISRAELI (SEAGULL) and NECHALACHO in Canada. Avalon Rare Metals is listed in Canada and in United States of America. Its market capitalisation is 2.4 millions as of today (US$ 1.7 millions, € 1.6 millions). Its stock quote reached its highest recent level on April 15, 2011 at 9.65, and its lowest recent point on April 09, 2020 at 0.03. Avalon Rare Metals has 47 442 200 shares outstanding. |