AUST Online in last hour (extract):
Veteran rare earths executive says she has heard it all before
Rare earths boss Amanda Lacaze has suggested a Donald Trump-brokered deal with Ukraine might turn out to be little more than pie-in-the-sky when it comes to securing supply of materials essential in the defence, electronics and renewables industries.
The Lynas Rare Earths managing director said on Wednesday that she had heard all sorts of weird and wonderful theories and “thought bubbles” about the sector over the years.
Asked about the prospect of Ukraine becoming a major supplier to the US in line with any Trump deal, she said: “In the time that I’ve been involved in rare earths, I’ve heard about a rare earth race to the moon because there could be lots of mining on the moon to get rare earths. “I’ve heard about a sort of rare earths race to the sea floor because there’s lots of rare earths on the sea floor, which could be useful in the future. I heard about a rare earths race to Afghanistan at one stage.”
Ms Lacaze insisted the best way for the US to secure rare earths was to buy it from Lynas, the world’s biggest non-China producer, from a mine in WA and processing plant in Malaysia
LYC Price at posting:
$6.80 Sentiment: Buy Disclosure: Held
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(20min delay)