Business Times SG

Published July 05, 2014

Australia rare earths firm set for steady output
CEO says Lynas Corp expects to achieve its initial output rate target by December

Kuantan
AUSTRALIA's Lynas Corp, one of only two rare earths producers outside China, expects to reach its initial output rate target by December at the latest which should shore up its shaky cash position, its new CEO said in her first interview.
Lynas and US miner Molycorp Inc are being closely watched as they are both on the cusp of achieving steady output four years after China tightened its grip on the world's supply of the metals used in smartphones, cars and missiles and sent their prices rocketing.
Their ramp-ups have been stalled by the challenges of running environmentally safe, complex chemical plants, but prices of the products have, meanwhile, slumped after China's export curbs scared manufacturers who need the metals into finding ways to reduce their use.

http://www.businesstimes.com.sg/premium/world/australia-rare-earths-firm-set-steady-output-20140705