LYNAS STICKS TO ITS GUNS OVER RARE EARTH MINIMUM PRICE SHIFT
February 1st, 2014
AUSTRALIA'S Lynas Corporation Ltd raised industry eyebrows late January by expressing confidence that lanthanum demand will grow robustly through to 2020, and at the same time declaring that it will not accept new orders for the light rare earth below USD15/kilogramme (kg). While Lynas is in its own terms “more than sold out and will continue to be” of its current 11,000 tonnes per annum lanthanum capacity, opinion remains divided as to whether demand really exists to support the higher contract price, which represents an almost 100% premium against ...
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