China to spend money to back rare earth mining sector, Xinhua reports China said that it would allocate funds to support its rare earth mining sector, according to Xinhua which cited the country's Ministry of Finance. Some of the funds will be spent on R&D and developing high tech applications, the news service added. Reference Link
Rare Element to voluntarily delist from NYSE Rare Element has notified the NYSE of its decision to voluntarily delist its common shares from the NYSE due to costs associated with the continued listing and NYSE continued listing requirements. The company anticipates that the last day of trading for its common shares on the NYSE will be on or about February 22. The company intends to have its shares traded on the OTC Pink Current Information marketplace once the delisting from NYSE is complete.