LYC 1.43% $9.24 lynas rare earths limited

china cannot continue supplying the world

  1. 745 Posts.
    The following are just some of the important take aways from this recent 6 December 2009 article:-

    Global demand is expected to reach 140,000 tons next year. But in August Beijing alarmed the markets when it threatened to restrict the export quota to 35,000 tons per annum for the next six years.

    If we dont get a couple of projects up and running theres going to be a severe shortage of rare earth in the world

    Zhao Zengqi, president of the Baotou Research Institute of Rare Earths, said: "China has 1.3 billion people. We cannot continue to supply the world with rare earth like we did before"

    .. and from another article I found the following:-

    Chinese domestic demand for rare earths is rapidly catching up to Chinese supply output. Mr. Kingsnorth (a well-known Australian rare earth specialist) has predicted that before the expiration of Chinas next five year plan in 2015 Chinese domestic demand for rare earths will exceed its domestic production.

    Lynas future appears assured.
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