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Canada's Rare Earth Industry Establishes Industry Target

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News released by Marketwired, Rare Earth Corporation of Canada has announced that it has signed contracts to purchase and sell rare earth concentrates used for heat treatment furnace and oxides.

In recent weeks, Rare Earth Corporation has purchased and sold 33 tons of rare earth concentrates used for blast furnace for steel and oxide products. These transactions involves customers from Europe, North America, South America and Southeast Asia.

Two of these transactions involve high purity oxides, which are essential for various industries, such as electronics and magnets, in particular: high-end electronics, lighting, ceramics, glass, catalytic cracking for crude oil processing, automotive catalytic converters, motors, and atomic energy.

Tracy A. Moore, CEO of Rare Earth Corporation commented,"We have been emphasis on rare earth transactions that fully reflect our goal of establishing an international integrated business in the global rare earth industrial. It is the beginning for providing rare earth products to industrial consumers."

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