Company
ASX:LYC
Lynas Rare Earths Ltd (ASX:LYC) is the only significant producer of separated Rare Earths outside of China. The company's Mt Weld Rare Earths deposit in Western Australia is acknowledged as one of the highest grade rare earths mine in the world and Lynas Malaysia is the world’s largest single rare earths processing plant. Lynas is building a new rare earths processing facility in Kalgoorlie, Western Australia is the only significant producer of separated rare earths outside of China.
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Large cap. resource stocks were mixed today, with ten trading higher and the other ten lower. The bolter was Paladin Energy which jumped over 10%, as investors consider the stock oversold in the wake of the re-rating after the Japanese tsun
A week is a long time in the equity markets, and suddenly major Australian resource stocks are back in fashion. Today 17 of the top 20 resources stocks by market cap. traded higher, as investors eye bargains after a two month down trend.
Major Australian resource stocks fell afoul of the investment community today, with just two of the top 20 by market capitalisation finishing the day green. The All Ordinaries lost almost 1% to close at 4512, ignoring the small Wall Street
Investors dumped major resource stocks in a selling frenzy, with only one of the top 20 resource stocks by market cap. closing the day in the green. The broader market suffered as bad, with the All Ordinaries off two per cent.
Major Australian resource stocks were sold off today, with only five of the top 20 stocks by market capitalisation ending the day higher. Across the broader market, the All Ordinaries closed 14 points lower at 4638.
Major Australian resource stocks were generally weaker today, with only seven of the top 20 stocks by market capitalisation ending the day higher. Industrials helped prop up the market, with the All Ordinaries adding 14 points to 4649.
Major Australian resource stocks roared back into the green today with 16 of the top 20 by market cap. trading higher, as investors re-enter the market to buy resource companies after the recent sell-off.
The landmark agreements allow Lynas to accelerate marketing to Japanese customers and enable phase two construction to be committed in April 2011 and be completed in 2012.
This article, an updated version of one from October 2010, reviews fourteen rare metal companies ranging from grassroots explorers through those on the brink of mine production to those already operating downstream
Rare earths & specialist minerals
Japan Broadcasting Corporation reported the Japanese government will provide over half of the $US300m with Sojitz Corp to buy 8,500t of rare earth metals annually for 10 years from Lynas Corporation's Mount Weld - a coup for Lynas.
China's tight grip on supply has created an intriguing commodity play which is outpacing recents booms for both gold and oil. Chinese production currently accounts for 97% of global demand. Proactive Investors looks at the public comp
