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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	LYC
Latest Price:	1.38 (-4.17% )
52-week High:	2.60
52-week Low:	0.88
Market Cap:	2,365.11M

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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 rides further increases in rare earths prices

Monday, August 23, 2010

Australian rare earths developer Lynas Corporation (ASX:LYC, OTC:LYSDY) has revealed the Mount Weld Composition price for rare earths has risen a hefty 102% over the past month, to US$43.28/kg on an FOB China basis as at 23 August 2010.

Lynas owns the richest known deposit of Rare Earths, also known as Lanthanides, in the world at Mount Weld, near Laverton in Western Australia.

The international Rare Earths prices are derived from publicly available sources including metal-pages.com and asianmetal.com. The Average Mount Weld Composition price is calculated for the generic composite equivalent to the Rare Earths distribution at Mount Weld.

Development of the mine at Mount Weld is complete. Engineering and construction of the Concentration Plant in Western Australia remains on time and within budget, as at 30 June 2010, for completion in December 2010.

Engineering and construction of the LAMP remains on time and within budget as at 30 June 2010; with the first feed to kiln at the LAMP on target for the third quarter of 2011.

Lynas has received all required approvals to construct both plants and expects production to commence in 2011.

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