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Hexa Research forecasts $10.96B global rare earth elements market by 2020

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will drive global market growth, resulting in a global rare earth elements market reaching $10.96 Factors such as limited reserves, strict regulatory guidelines, complicated extraction process and heavy capital deployment are likely to adversely affect market growth. billion in 2020. billion in 2013.

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NIO unveils production electric SUV for China market; NIO ES8 to launch end of this year

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China-based electric vehicle startup NIO unveiled the NIO ES8, an electric SUV planned for serial production for the China market later this year. NIO is a global start-up; NIO has more than 2,000 employees in San Jose, Shanghai, Munich, London and eight other locations. The NIO EP9 is priced at US$1.48

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Clean Global Energy in JV for $400M Underground Coal Gasification Project in China

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Australia-based Clean Global Energy Limited (CGE) secured a Joint Venture Agreement with Beijing Yusenjiayu Environmental Protection Technology Co. Ltd of Beijing, China (YSJY ), Inner Mongolia Gu Xin Mining Co. Underground coal gasification. Click to enlarge.

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MEG expanding heavy-duty electric truck efforts; succsessful testing of mine vehicle

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After in-depth conversation and research, conducted by MEG and our partners, with two of China’s leading mining provinces, Inner Mongolia and Yunnan, we have determined that they have a combined sales target for heavy trucks and the required batteries of approximately US$14 billion (RMB100 Billion) over the next three years.

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Lotus Emeya completes rigorous three year testing program ahead of deliveries this year [Video]

Baua Electric

The consumer market is on the cusp of deliveries of the Lotus Emeya – the hypercar manufacturer’s first four-door model ever. billion factory up and running in China to deliver the speed and luxury of vehicles like the Eletre and bolster annual sales outputs from 5,000 units per year to 150,000 by 2028.

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Accelergy and Yankuang Group to conduct feasibility study for large-scale hybrid coal-to-liquids plant in China; targeting 68,000 barrels of fuel per day

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Accelergy Corporation ( earlier post ) is partnering with the Yankuang Group, one of the largest coal companies in China, on a feasibility study for a joint, large-scale, low-carbon, hybrid—i.e., Currently the world’s largest producer and consumer of coal, China’s output for coal-to-liquids is expected to jump from 1.5

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Molycorp to accelerate initial start-up of new rare earth processing facility; $114M additional investment

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the Western hemisphere’s only producer of rare earth oxides and the leading producer of rare earth oxides outside of China, plans to accelerate by approximately three months the initial start-up of its state-of-the-art rare earth processing facility, now under construction at Mountain Pass, California. Molycorp, Inc., Earlier post.).

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