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Tag: lynas corporation

8 Top Rare Earth-producing Countries

While China may have a stranglehold on the rare earths market, it’s not the only country producing the metals. Here’s a look at the eight top rare earth-producing countries of 2014, as per statistics from the US Geological Survey.

Is the Tide Turning for Lynas?

The share price of Australian rare earths producer Lynas was up last week on two pieces of positive news for the company. Lynas saw $191,000 of positive free cash flow in March and said it cut costs significantly during the March quarter.

Rare Earths in 2014: China Still Center Stage

At the end of 2013, some were wondering whether 2014 might be the year China would start to loosen its grip on the rare earths market. But although there are signs its monopoly is slipping, the country still definitely produces the lion’s share of the world’s rare earths.

Lynas Corp Says Rare Earths Market Not So Bad

Australia’s Lynas Corporation (ASX:LYC) aimed to reassure investors that the rare earths market has not been going as badly as many have speculated, according to the Australian. Lynas released a statement today in which it addressed what it says is media speculation about the state of the industry.

China’s Weakening Hold on the Global Rare Earths Market

China was once responsible for over 90 percent of global rare earths production, allowing it to restrict exports and manipulate prices. However, following a WTO ruling against that practice earlier this year and moves to crack down on illegal mining, China’s share of global rare earths production could be dropping.

Lynas Reports Increased Revenues, but Still Drawing Skepticism

The share price of Australia’s Lynas Corporation is down 75 percent year-to-date, so investors were no doubt happy to see some positive news in the company’s first-quarter results. But although Lynas reported a respectable increase in both revenues and production, also decreasing its operating costs, it’s still facing some struggles.

Lynas Sees LAMP Reaching Targeted Production in June Quarter

Yesterday, Lynas Corporation Ltd. (ASX:LYC) released its quarterly report for Q1 2014, commenting that management is “confident” that the Lynas Advanced Materials Plant (LAMP) will reach its targeted production run rate of 11,000 tonnes per year “on sustainable basis” during the June quarter.

Lynas Shares Jump on LAMP Production Expectations

Mining Weekly reported that yesterday, shares of Lynas Corporation Ltd. (ASX:LYC) jumped 25 percent on the news that the company expects its Lynas Advanced Materials Plant (LAMP) to hit production and sales volume records in both March and the first quarter of this year.

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