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Mining Weekly reported that Industrial Minerals Company of Australia director Dudley Kingsworth sees a surge in rare earth demand over the next four years.
Mining Weekly reported that Industrial Minerals Company of Australia director Dudley Kingsworth sees a surge in rare earth demand over the next four years.
As quoted in the market news:
While demand is set for substantial growth by 2016, Kingsnorth also predicted supply outside of China would increase more than tenfold over that period from 6 000 t last year to 60 000 t/y, as projects such as Molycorp’s Mountain Pass mine in the US and Lynas Corp’s Australian Mount Weld project starts producing.