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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Qiao Xing Universal Resources, Inc. (MM) | NASDAQ:XING | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.635 | 0 | 01:00:00 |
From May 2019 to May 2024
www.bedfordreport.com/LYSCF
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China's Ministry of Industry and Information Technology (MIIT) claims that the allegations of manipulating prices of rare earth metals are a misunderstanding and argue that prices are justified considering the huge environmental impact over it. Last year China announced a five-month crackdown on illegal mining in order to protect the environment and its resources. This campaign was concentrated in the south where mines are commonly small, rural, and illegal operations particularly prone to release toxic wastes into the general water supply.
The Bedford Report releases regular market updates on the industrial metals sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
The environmental impact of Rare Earth exploration in processing is a hotly contested issue. This year Lynas Corporation was finishing its $230 million rare earth refinery on the northern outskirts of Malaysia's industrial port of Kuantan. Despite an initial flurry of optimism, media reports suggested that the plant could be delayed by one to two years due to heavy protesting in Malaysia and Sydney.
Earlier this month Lynas said it will spend up to $US210 million on the second phase of construction on a planned refinery plant in Kuantan. The plant is being built to process "slightly radioactive" ore concentrate from Lynas's rare earths deposit at Mount Weld in Western Australia.
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1 Year Qiao Xing Universal Resources, Inc. (MM) Chart |
1 Month Qiao Xing Universal Resources, Inc. (MM) Chart |
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