Kingsnorth Sees Rare Earth Demand up a Third by 2016

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.

Click here to read the full Mining Weekly report.