what over supply??, page-6

wandjii, I managed to track Renee Chlo's blog

http://blogs.ei.columbia.edu/2012/09/19/rare-earth-metals-will-we-have-enough/

and the statement

"According to a recent Congressional Research Service report, world demand for rare earth metals is estimated to be 136,000 tons per year, and projected to rise to at least 185,000 tons annually by 2015."

then the Congressional Research Service report

http://www.fas.org/sgp/crs/natsec/R41347.pdf

and the statement bottom Page 3

World demand for REEs was estimated at 136,100 tons in 2010,(6) with global production around 133,600 tons annually.(7)

then note (6) for source

(6) “Lynas Says Rare Earths Demand to Grow at 9% a Year,” bloomberg.com/news, October 25, 2010.

then the Bloomberg article

http://www.bloomberg.com/news/2010-10-25/lynas-corp-says-global-demand-for-rare-earths-to-expand-at-9-annually.html

then the Lynas presentation by Eric Noyrez Page 5

http://www.lynascorp.com/content/upload/files/Presentations/Rare_Metals_Summit_III_Rare_Earths_Metals_Supply_and_Price_Outlook.pdf

Rather ironic that a 2.5 year old commercial forecast for the year 2010 (that was wrong) is given credibility by the Congressional Research Service nearly TWO years later and then ends up being misquoted on a blog as "According to a recent Congressional Research Service report, world demand for rare earth metals is estimated to be 136,000 tons per year" and that ends up being quoted on Lynas HC, and gets 22 TU's!

Oh, happy daze, lol.

BTW, the same Lynas presentation also had 2014 demand at 190,100tpa so I'd say all the believers would be pretty safe booking the $10 party any time after the August 14 results.

Kingsnorth's numbers: