Lynas Corporation Ltd. (ASX:LYC) announced that in the March quarter of this year it hit a production record of 1,089 tonnes of rare earth oxide; that means the company is on track to reach a run rate of 11,000 tonnes per year during the upcoming quarter.
Articles Tagged "ASX:LYC"
Mining Weekly reported that yesterday, shares of Lynas Corporation Ltd. (ASX:LYC) jumped 25 percent on the news that the company expects its Lynas Advanced Materials Plant (LAMP) to hit production and sales volume records in both March and the first quarter of this year.
The Australian reported yesterday that Lynas Corporation Ltd. (ASX:LYC) recorded a net loss of $59.29 million during the six months ended December 31, 2013, up slightly from the previous corresponding period.
Christopher Ecclestone, principal of Hallgarten & Company, recently spoke with Rare Earth Investing News about the state of the rare earth market.
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.