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.
Articles Tagged "Lynas Corporation"
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.
China is the dominant player in the rare earths game, yet the country's impacts on the market are not easy to understand. Here we provide an explanation of what China's rare earths quotas really mean.
The Australian reports that Lynas, (ASX:LYC) which is processing rare earths in Malyasia from its Mount Weld mine in Australia, has delayed a plan to develop another rare earths deposit in Western Australia.
Chinese officials are shutting down mines illegally producing rare earth concentrate and that is having a positive effect on rare earth stocks and prices.
Offer prices of terbium, praseodymium/neodymium and dysprosium rose in China last week.
Rare metal prices could be poised for a bounce, helped by strong demand from major customers and renewed investor interest.
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.
Rare Earth Investing News spoke with Jim Powell, vice president of corporate development at Tasman Metals, to find out how his company's rare earth projects are progressing and to gauge his opinions on current rare earth prices and the market in general.