28 May 2014
May 28, 2014 -- In our ongoing efforts to provide you with broader communications and industry information, Avalon Rare Metals is pleased to issue this Industry Bulletin, which provides commentary on the just released Report on Critical Raw Materials for the EU: Report of the Ad Hoc Working Group on Defining Critical Raw Materials (the "Report"), in which some 20 raw materials are deemed fundamental to Europe's economy, essential for maintaining and improving quality of life, but where supply is somehow limited. As noted in the Report, "Securing reliable and undistorted access of certain raw materials is of growing concern within the EU and across the globe. As a consequence of these circumstances, the Raw Materials Initiative was instigated to manage responses to raw materials issues at an EU level." Among the identified critical raw materials, heavy rare earths (as well as the lights) rated highest relative to high economic importance to the EU combined with a high risk associated with their supply.