Is the Tide Turning for Lynas?

Is the Tide Turning for Lynas?

The share price of Australian rare earths producer Lynas was up last week on two pieces of positive news for the company. Lynas saw $191,000 of positive free cash flow in March and said it cut costs significantly during the March quarter.

China to Eliminate Rare Earth Export Tariffs

On Thursday, China's Ministry of Finance confirmed plans to eliminate export tariffs on rare earths, tungsten and molybdenum, effective May 1, 2015.

A New Use for Cerium?

In terms of rare earths, cerium is certainly oversupplied.

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Videos

Ryan Castilloux: Magnet Rare Earths Prices Moving Higher on Increased Demand

At PDAC, Ryan Castilloux of Adamas Intelligence took a few minutes to share his thoughts on the rare earths market in 2015. Overall, he sees prices increasing for several heavy rare earths used in magnets on the back of increased demand from rare earths magnet manufacturers.

Ucore’s Ken Collison: MRT to ‘Revolutionize the Rare Earth Business’

At PDAC, Resource Investing News spoke with Ucore COO Ken Collison to get more insight into the company's latest news. This week, the company reported the success of IBC's MRT technology for the separation of rare earth elements, and also secured exclusive rights to the technology for $2.9 million.

Company News

Could Molycorp Do a Reverse Stock Split?

Writing for Seeking Alpha, Shock Exchange suggested that rare earth producer Molycorp (NYSE:MCP) could engage in a reverse-stock split in coming weeks. The author noted that a potential delisting for Molycorp is still in effect, and suggested that management would engage in a reverse stock split before allowing the stock to be delisted.

Arafura Resources Releases Quarterly Activities Report

Arafura Resources (ASX:ARU) released its quarterly activities report for the three months ended March 31 2015. The company reported a cash balance of A$15.8 million at the end of the period.

Avalon Rare Metals Announces $5 Million Public Offering

Avalon Rare Metals (TSX:AVL,NYSE MKT:AVL) announced a public offering for proceeds of up to $5 million. The company has entered an agency agreement with Secutor Capital Management to act as agent on a best efforts basis offering of units and flow-through shares of Avalon.

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Company Videos

Market News

May Could Bring Stronger Rare Earth Prices

Writing for Seeking Alpha, Michael Roat suggested that May could be a good month for rare earth prices, as he expects companies and traders to begin restocking rare earths soon. He also suggested that many buyers could be "staying on the sidelines" as they wait to see the true effect of the WTO ruling against China's rare earth export quotas.

Increasing Doubts about North Korea’s Huge Rare Earths Deposit

Australian Mining reported that a supposedly massive rare earths deposit discovered in North Korea in 2013 is being doubted. The deposit was discovered by a joint venture between SRE Minerals and state owned Korea Natural Resources Trading Company, with early reports stating that had the potential to hold reserves 6 times as large as those in China.

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