"LYC caught napping" Seriously? Lynas had the exact same agreement with Rhodia in 2006, except down stream processing was to be done at Rhodias liyang seperation plant in China.
Lynas current contract with Rhodia: 10 year supply contract. The contracted quantities account for a significant portion of the cerium and heavier Rare Earths, including europium and terbium, as well as other products such as lanthanum from the Lynas processing plant’s initial 11,000 tonnes REO capacity. In addition Rhodia and Lynas Malaysia Sdn Bhd have signed a Technical Co-operation Agreement (TCA). The TCA outlines technical support to be provided by Rhodia for the separation and product finishing sections of the Advanced Material Plant during the operations planning, commissioning and ramp-up of the plant.
LYC Price at posting:
29.5¢ Sentiment: None Disclosure: Held
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