Lynas Corporation
Full Lynas Corporation profile here
Lynas Corporation Limited's (ASX: LYC) vision is to be a global leader in Rare Earths for a sustainable future; a vision realised by the passion and practices of our people.
Lynas is an ASX listed company, with the strategy to create a reliable, fully integrated source of Rare Earths supply from mine through to customers, and to become the benchmark for security of supply and environmental standards in the global Rare Earths industry.
Lynas owns the richest deposit of Rare Earths in the world at Mount Weld, Western Australia. Lynas is set to provide the first new source of supply of Rare Earths outside of China when it comes into production in the third quarter of 2011. It believes this timeframe puts the company well ahead of its competitors. Its customers’ requirements and commitments are driving the business development strategy for products to be produced, growth of production and collaboration with partners in the value chain.
Lynas Corporation's share price on a tear with increasing rare earth prices
Monday, August 09, 2010
Lynas Corporation (ASX: LYC) has reported the average Mount Weld composition price for its rare earth product has increased to US$31.94 kg/REO on a FOB basis.
This is a further price increase of 49% since 26 July 2010 which followed the recent tightening of the Chinese export quota of Rare Earths.
The Lynas share price has been on a tear since early June, increasing by 80% to $0.90.
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