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:
- Forums
- ASX - By Stock
- LYC
- what over supply??
what over supply??, page-6
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$7.06 |
Change
0.040(0.57%) |
Mkt cap ! $6.599B |
Open | High | Low | Value | Volume |
$7.00 | $7.12 | $6.92 | $27.09M | 3.845M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 75156 | $7.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.08 | 480 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 14856 | 7.050 |
2 | 22857 | 7.040 |
1 | 1200 | 7.000 |
2 | 1422 | 6.980 |
1 | 160 | 6.970 |
Price($) | Vol. | No. |
---|---|---|
7.080 | 480 | 1 |
7.090 | 5000 | 1 |
7.100 | 1552 | 1 |
7.120 | 43092 | 7 |
7.130 | 27637 | 10 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online