Rainbow Rare Earths Publishes 2026 Annual Report
Bitget2026/10/26 07:08- Rainbow Rare Earths’ 2026 annual report pushes Phalaborwa’s definitive feasibility study to H1 2027 following a switch to solvent extraction.
- A prefeasibility study is targeted for Q4 2026 to advance permitting and financing.
- Phalaborwa construction is expected to start in 2028, with first production in 2029, subject to permitting and financing.
- Uberaba’s prefeasibility study began in September 2026 with partner Mosaic; completion is targeted for 2027.
- Additional funding is expected to be required in Q3 2027.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

