RT The Kobeissi Letter (@KobeissiLetter)China has not resumed some critical rare earth exports to the US:Yttrium, one of the key rare earth elements, has not been shipped to the US from China for several months, with exports stopping entirely after the April controls.Yttrium is essential for high-temperature superconductors, jet engines, advanced coatings, missile systems, lasers, and specialized ceramics.China's yttrium exports to the rest of the world have fallen by ~30% over the same period.Before export ...

AI Investment & Market Concerns - The market is drawing parallels between the current AI boom and the late 1990s internet boom, cautioning against excessive enthusiasm and the need for diversification [2][8] - Concerns exist regarding potential obstacles to continued AI CapEx boom, including access to rare earth elements and productivity gains [2][3] - A potential slowdown in AI investment could occur if companies don't see significant productivity gains from their investments [4][7] - NIMBY (Not In My Backyard) movement related to data centers and rising electricity costs could pose macro risks to AI build-out [4][5] - Michael Barry's perspective suggests that excessive capital expenditure and slowing cloud growth may lead to a market correction [6] Consumer Spending & Economic Outlook - Consumer weakness is observed, especially among lower and middle-income consumers, as indicated by Chipotle's earnings call [9][10] - White-collar job layoffs could impact middle to higher-income consumers, potentially creating a larger economic problem [11] - While higher-income consumers may drive a strong holiday quarter, vulnerabilities exist, particularly sensitivity to stock market performance [12][13] - A stock market sell-off could reduce high-end consumer spending [14] China Investment Opportunities - Diversification into China is suggested, given different risks and vulnerabilities compared to the US [8][14] - Many attractive companies in China with lower valuations are part of the AI food chain and CapEx spending [16] - AI development in Asia is in earlier stages, offering a longer runway for investment [16]

60 Minutes rewind. Unusual metals that are sprinkled inside almost every piece of high tech you can think of. Most people have never heard of them, but we have become so reliant on rare earths that a few years ago an intense global power struggle broke out over their free flow.The reason is that one country has a virtual monopoly. roughly 90% of the mining, refining, and processing of rare earths, China. And in 2010, it used that power to disrupt the world supply.It's especially troubling because it was the ...

Company Overview - MP Materials is the only rare-earth mining and processing facility of scale in the U.S., operating at the Mountain Pass Mine in California, which has over 18 million metric tons of rare-earth oxide equivalent in the ground [3] - The company has a market capitalization of $12.5 billion and has seen its stock price increase by 330% year-to-date, largely due to U.S. government investment [4] Financial Performance - In Q2 2025, MP Materials reported revenues of $57.4 million, an increase of 84% from the previous year [6] - The company achieved record production of 597 metric tons of neodymium-praseodymium (NdPr), marking a 119% annual growth, and a 45% increase in rare-earth oxide (REO) production to 13,145 metric tons [6] - NdPr sales volumes more than tripled year-over-year, reaching 443 metric tons [6] Market Reaction - Despite the positive financial performance, MP Materials' shares dropped by 7.4% recently, attributed to the potential thawing of U.S.-China relations and the implications for rare earth exports [3][4]

Core Points - American Rare Earths has appointed Mr. Jason Beckton as Non-Executive Director and Mr. Hugh Keller has resigned from the same position, effective October 28, 2025 [1][9] Company Overview - American Rare Earths is a critical minerals company focused on reshaping the U.S. rare earths industry through its Halleck Creek Project in Wyoming, which is a significant rare earth deposit with a JORC-compliant resource of 2.63 billion tonnes, representing approximately 16% of the project's surface area [8][10] - The Halleck Creek Project aims to secure America's critical mineral independence and reduce reliance on imports, particularly from China, while meeting the growing demand for rare earth elements essential for defense and advanced technologies [9][10] New Director's Profile - Mr. Jason Beckton brings over 30 years of experience in exploration, project development, production, and management, with a focus on the rare earth elements sector since 2012 [2][3] - His previous roles include significant positions in various mining projects, including the Palmarejo silver-gold project in Mexico and the Caspiche Porphyry deposit in Chile [4][5] Chairman's Remarks - Chairman Richard Hudson expressed enthusiasm for Mr. Beckton's appointment, highlighting his geological expertise and successful track record, which will enhance the technical strength of the company as it advances the Halleck Creek Project [6][7]

Ramaco Overview - Ramaco shipped metallurgical coal to steelmakers in over 20 countries[9] - Ramaco's 2024 sales volume was 40 million tons, with an adjusted EBITDA of $106 million[12] - As of October 27, 2025, Ramaco's market capitalization was $20 billion, with revenue of $666 million in 2024 and net cash of $77 million as of September 30, 2025[12] Brook Mine Expansion and Economics - The Brook Mine is projected to have a steady-state annual production of approximately 3,414 short tons of rare earths and critical minerals[13,56] - The revised total Capex requirement for Brook Mine is $1125 million, with an NPV (8%) of $51 billion and a 3-year payback period[21] - Brook Mine is projected to generate over $500 million in EBITDA by 2028, a 276% increase compared to the Fluor PEA[21] - At steady state, the Brook Mine is expected to generate $1038 million in revenue and $552 million in EBITDA, representing a 53% margin[56] Rare Earths and Critical Minerals Opportunity - Brook Mine is believed to be the only primary mine source of Gallium, Germanium, and Scandium in the world[10,14,39] - Approximately 40% of the total estimated REO production consists of primary magnetic REOs, gallium, germanium, and scandium, accounting for ~99% of annual revenue from the Brook Mine[40] - China holds dominant market shares in Gallium (>95%), Heavy Rare Earths (>90%), Light Rare Earths (85%), Scandium (>60%), and Germanium (65%)[25] Metallurgical Coal Business - Ramaco's cash costs of $100 per ton for YTD 2025 are among the lowest of its publicly traded peer group[16] - Ramaco's 2025 production guidance is between 37 million and 39 million tons[88]

Core Viewpoint - Cleveland-Cliffs, Inc. is shifting its strategic focus towards exploring rare earth minerals within its mining operations, which has positively impacted its stock price as investors recognize the potential for diversification and entry into a high-value market segment [1][9]. Rare Earth Supply - The demand for rare earth elements is increasing due to their critical role in advanced manufacturing, electronics, and energy technologies, highlighting the need for supply security in North America [2]. - Recent export restrictions from China on rare earth elements have prompted the U.S. to accelerate efforts to achieve strategic independence in critical minerals [2][3]. Rare Earth Opportunity - CEO Lourenco Goncalves emphasized that Cleveland-Cliffs views rare earths as both an opportunity and a responsibility, with geological surveys identifying two sites in Minnesota and Michigan that show potential for rare earth mineralization [4][5]. - The company is committed to contributing to U.S. independence from foreign sources for essential minerals, leveraging its mining expertise and dedication to domestic supply chains [5]. Production and Viability - Details regarding production timelines and vertical integration remain vague, with the CEO indicating ongoing assessments of the commercial viability of the identified deposits [6][7]. - The company is collaborating with geologists to evaluate the potential of these deposits, with a focus on ensuring that the initiative aligns with federal policies aimed at domestic sourcing of critical materials [8]. Market Reaction - The announcement of Cleveland-Cliffs' strategic direction towards rare earth minerals led to a significant stock price increase, with shares rising by 21.47% to $16.18 [9].

Core Insights - Terra Clean Energy Corp. has confirmed significant rare earth element (REE) potential at its Fraser Lakes B Deposit through drilling and assays, highlighting the presence of key rare earth oxides such as La₂O₃, Ce₂O₃, Yb₂O₃, and Y₂O₃ [1][7][12] REE Applications - Light rare earth elements are crucial in various industries, including automotive, batteries, and magnets. Lanthanum is used in medical applications and industrial processes, while cerium serves as a polishing agent and catalyst [2][3] - Ytterbium finds applications in improving stainless steel, dental alloys, and advanced technologies like quantum computing [4] - Yttrium is essential in phosphors for LEDs, lasers, and medical applications, as well as in ceramics and electronics [5] Project Development - The Fraser Lakes B Deposit is part of a broader study on REEs in northeastern Saskatchewan, supported by a government grant to the University of Saskatchewan [6] - The deposit is located in a well-infrastructured area, approximately 18 kilometers outside the Athabasca Basin, with good access to power and water [11] - The South Falcon East Project, which includes the Fraser Lakes B Deposit, has a historic inferred resource of 6.9 million pounds of U3O8 at a grade of 0.03% [10][12] Management Statements - The CEO of Terra emphasizes the strategic importance of the REE deposit, indicating a commitment to unlocking its value alongside ongoing uranium development [7][8]

Core Insights - Terra Clean Energy Corp. has confirmed the rare earth element potential at its Fraser Lakes B Deposit through drilling and assays, highlighting significant quantities of rare earth oxides such as La₂O₃, Ce₂O₃, Yb₂O₃, and Y₂O₃ [1][7][12] Summary by Category Rare Earth Elements (REE) Potential - The Fraser Lakes B Deposit contains substantial amounts of light rare earth elements, which are critical for various industries including automotive, batteries, and electronics [2][5] - Specific applications of the rare earth elements include: - **Lanthanum**: Used in medical treatments and industrial applications like batteries and catalytic converters [2] - **Cerium**: Functions as a polishing agent and catalyst in automotive applications [3] - **Ytterbium**: Enhances stainless steel and is utilized in advanced technologies such as lasers and quantum computing [4] - **Yttrium**: Key for phosphors in LEDs, ceramics for fuel cells, and has medical applications [5] Project Development and Collaboration - The Fraser Lakes B Deposit is part of a multiyear study on REEs in northeastern Saskatchewan, supported by a government grant to the University of Saskatchewan [6] - Terra Clean Energy is actively involved in expanding the understanding and inventory of REEs in Canada, with ongoing drilling programs expected to enhance both uranium and REE resources [8] Infrastructure and Location - The Fraser Lakes B Deposit spans approximately 12,464 hectares and is located 18 kilometers outside the Athabasca Basin, with good infrastructure including proximity to power lines and roads [11][12] - The South Falcon East Project, which includes the Fraser Lakes B Deposit, has a historic inferred mineral resource of 6.9 million pounds of U3O8 at a grade of 0.03% [10]

UAV Radiometric and Magnetic Survey Results Highlight Significant Exploration Potential at District Metals' Ardnasvarre Property in SwedenOctober 15, 2025 2:00 AM EDT | Source: District Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to announce that MWH Geo-Surveys International Inc. ("MWH") has completed a detailed Unmanned Aeri ...