Lynas (ASX:LYC) Corporation has tripled its production in December from the previous quarter, Australian Mining reported.
Articles Tagged "Lynas Corporation"
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.
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.