Looking at this announcement it is very reasonable to say Lynas will be the only HREE producer outside of China for years to come. Calling Lynas a LREE mine is now false on two grounds:
1. Such a comment ignores the tonnage of Mt. Weld's HREE's
2. With the high TREO and processing capabilities of LAMP Lynas will produce more HREE's than any other source for many years before any other rest of world mine will produce at all.
Note also that Technical Metals Research ranked Mt.Weld tops in what it called CREE (Critical Rare Earth Elements). That resource is now 37% larger than when the report came out and it's distribution has increased considerably.
And now note that with Duncan, Lynas has the most inclusive rare earth basket with the highest TREO.
In other words, by every common mine metric out there this is the supreme resource in the world by a massive margin. It will clearly be the cornerstone rest of world REE resource for years to come.
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