Market Chatter: Ramaco Resources Discussing Potential Rare Earths Supply Deals With Japanese Firms

MT Newswires Live03-10

Ramaco Resources (METC) is discussing potential supply deals with Sumitomo, Iwatani and other Japanese companies for rare earths it plans to mine in Wyoming, Bloomberg News reported Tuesday, citing Ramaco Chief Executive Randall Atkins.

The US coal producer has held meetings with companies to assess how they might get involved in its Brook mine in Wyoming, the news outlet quoted Atkins as saying.

Ramaco is conducting a pre-feasibility study for the mine, with completion expected later this year, Bloomberg reported, citing Atkins.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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