LYC 0.15% $6.79 lynas rare earths limited

"A well qualified Australian Engineer working in Australia...

  1. twg
    103 Posts.

    "A well qualified Australian Engineer working in Australia command a 6 figure salary about 100K Australian dollars while a similar skilled engineer with the same skill only ask for a 20K salary in Malaysia."


    I agree totally this would be the reason the LAMP plant is in Malayasia.

    If you read this, detailing the complexity of seperating RE compounds

    http://www.proactiveinvestors.com.au/companies/news/16245/the-rare-earth-supply-chain-explained-by-kidela-capital-16245.html

    you will understand many of the 350 workers will need to be chemical engineers, a lesser level of skill simply would not suffice.

 
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