great post guys. thanks!another article that's recent on Rare...

great post guys. thanks!

another article that's recent on Rare earth by Lynas -

Lynas Says Reductions to China's Rare Earths Export Quota May Be Permanent

?It would not surprise me if China turned into a net importer of rare earths over the next five to 10 years because more and more technology is emerging from China? that uses rare earths, Nicholas Curtis, executive chairman of the Sydney-based company, said today in an interview. ?They?ve cracked down heavily on the illegal mining, on the environmental damage, on the illegal smuggling of rare earths and putting order back into an industry that was chaotic in China.?

China, which controls more than 90 percent of the rare earths market, in July cut export quotas for this half by 72 percent to bolster prices and ensure domestic supplies of the minerals, also used in liquid crystal displays and wind turbines. Lynas expects demand growth for magnets, which make up about 28 percent of rare earths use, to rise 12 percent annually to 2014.

?Demand is inelastic to price because you can?t substitute the rare earths for that application,? said Curtis. ?You can?t have an LCD screen without rare earths.?

The industry will be in a supply deficit ?for the next five to 10 years,? he said. ?We have grossly underestimated the available supply from China versus the demand.?



http://www.bloomberg.com/news/2010-09-17/lynas-says-reductions-to-china-s-rare-earths-export-quota-may-be-permanent.html




great outlook for this sector and when PEK sure up more resources from current and futher drillings, this company can really take advantage of it. expecting results to be out this week and hope to see a ORM sort of rise with it. definitely a buy