Christopher Ecclestone, principal of Hallgarten & Company, recently spoke with Rare Earth Investing News about the state of the rare earth market.
Articles Tagged "ASX:LYC"
MetalMiner reported that Lynas Corporation Ltd. (ASX:LYC) believes that demand for lanthanum will rise by 4 percent annually until 2020. That optimism has led the company to sign several contracts that will see buyers pay higher prices for Lynas' material than for Chinese material.
Lynas (ASX:LYC) Corporation has tripled its production in December from the previous quarter, Australian Mining reported.
2014 should be a better year for rare earth prices, as demand picks up and supplies tighten.
MINING.com reported on two developments on Tuesday for rare earth company investors. In the first, the death of an engineer at Lynas' (ASX:LYC) processing facility in Malaysia caused the Australian company's shares to drop 3.6 percent on Tuesday and 7 percent since the fatality was reported.
The Australian company continues to face opposition from those who believe their rare earths processing plant in Malaysia risks human health and damage to the environment.
As Chinese rare earths output declines, the start-up of new production elsewhere in the world is at last diversifying the global supply base.
Malaysians opposed to rare earths processing are angry at Lynas Corp (ASX:LYC) for refusing to disclose the location of a waste storage facility in the peninsular Asian nation, Australia Network News reported.
Lynas Corp, (ASX:LYC) the Australian company mining rare earths in Australia and processing them in Malaysia, is admitting more troubles with output, The Australian reported on Monday.
Lynas rose 6.2 percent to a 7-week high, The Australian reported, after the Australian rare earths miner was given relief on a $225 million loan from Japan's Sojitz.