INTERNATIONAL.First, the bad news - China's constrained rare earth supplies will be an "irreversible trend" and prices will remain at high levels, according to Zhang Zhong, general manager of Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. Zhang should know, as his concern is China's leading rare earths producer - the Baatou mine produces more than 95 percent of China's production, while Chinese mines currently account for 97 percent of global supplies. The increase in global demand for rare earth metals has sent prices soaring in world markets. According to the China Nonferrous M
UAE. Frost & Sullivan study finds the market earned revenues of US$549.3 million in 2013 and estimates US$818.5 million in 2018, at a CAGR of 8.3%. The study covers the Middle East market for industrial service of pumps, motors, compressors, automation, instrumentation and electric drives.
UAE. Griffiths joins the company from Thailand-based Oriental Copper, one of the top 5 global suppliers of fabricated copper based products and solutions for the electrical energy and electronics industry.
INTERNATIONAL. The report found there are 15 million middle-class households in 11 of sub-Saharan Africa's top economies this year, up from 4.6 million in 2000 and 2.4 million in 1990, an increase of 230% over 14 years.
INTERNATIONAL. U.S. special operations forces made a failed attempt to rescue journalist James Foley and other Americans held hostage by Islamic extremists in Syria earlier this summer, the White House said in a statement.
INTERNATIONAL. Europe has been mired in an economic crisis for half a decade now. There have been constant predictions that Europe may finally be turning an economic corner, but if Germany's economy is contracting, it is difficult to believe that any corner is being turned.