Rare metal prices could be poised for a bounce, helped by strong demand from major customers and renewed investor interest.
Articles Tagged "ASX:LYC"
The Market Vectors Rare Earth/Strategic Metals ETF has gained 10 percent in the last four weeks.
A Russian tycoon is spearheading a $1-billion joint venture to develop the massive Tomtor REE deposit in the Russian Far East.
Luisa Moreno: Brace Yourself for Three More Years of Heavy Rare Earth Shortages - The Metals Report (4/30/13) - Rare earth elements are a crucial component of our everyday lives, but many of the companies unearthing them are still learning to navigate the supply chain. Those that can master the dance of metallurgy and end-user relationships will find success, says Luisa Moreno, a senior research analyst with Euro Pacific in Toronto. In this interview with The Metals Report, Moreno updates us on which miners are making the most progress.
The Australia-based rare earth miner projects that rare earth demand will grow at above-GDP rates over the medium term, driven by increases in demand from key sectors.
Lynas Corporation is facing a moment of truth over its controversial Malaysian processing plant as locals prepare to go to the polls in what is being hailed as the most closely contested election in the country’s history.
Lynas Corporation Ltd. (ASX:LYC) announced that effective March 31, 2012, its current CEO, Nicholas Curtis, will be replaced by Eric Noyrez. The company's press release notes that the replacement was planned and reflects Lynas' shift from development to production.
As China implements measures aimed at jumpstarting the REE market, investors are thinking outside of the box regarding where the next viable project will be — and Australia is a prime focus.
Lynas Corporation recently announced the successful commissioning of the cracking and leaching extraction units at its Malaysian facility, but ongoing protests and scathing environmental reports are hindering progress.
The future of Lynas Corporation seems brighter as rare earth prices strengthen and the company makes headway in its battle to begin operations at its Malaysian plant.