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    market news

    Kingsnorth Sees Rare Earth Demand up a Third by 2016

    Investing News Network
    Feb. 03, 2012 11:20AM PST
    Rare Earth Investing

    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.

    Click here to read the full Mining Weekly report.

    market newslynas corprare earth demandchinaaustraliamountain pass mine
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