Lynas' new rare earths facility in Malaysia will have the capacity to supply two-thirds of current demand outside of China within the next few years, and along with other projects close to production could crowd many junior miners out of the market.
IBTimes reported on the various predictions for whether rare earth prices will rise or fall.
Adelaide Now reported that Lynas Corp.'s (ASX:LYC) Malaysian rare earth plant will be able to process a significant amount of the world's demand for rare earths.
Solo International, Inc. (OTC:SLIO) announced the expansion of its Quebec-based rare earth property.
Mining Weekly reported that Industrial Minerals Company of Australia director Dudley Kingsworth sees a surge in rare earth demand over the next four years.
IAMGOLD Corporation (TSX:IMG,NYSE:IAG) announced an inferred resource estimate from its rare earth zone in Quebec.
Sydney Morning Herald reported that a new rare earth refinery in Malaysia is on target to address the world's demand for rare earths.
The Paragon Report released research on the rare earth industry, Quest Rare Minerals Limited (AMEX:QRM) and China Shen Zhou Mining & Resources, Inc. (AMEX:SHZ).
BBC News reported that shares of Lynas Corp. (ASX:LYC) were up 19% after the company received a temporary operating permit for its Malaysian rare earth plant.
Mining Weekly reported that Technology Metals Research founding principal Jack Lifton predicts that rare earth prices will drop even further.
Tuesday, February 7, 2012