Lynas Corp: Production out of stock soon?
May 04.05.2012th, XNUMX Sydney - If you want to buy Rare Elements from the Australian rare earth producer Lynas Corp, you should hurry up. Because the Australians are currently looking for more buyers, which could mean that the entire output could be sold out for years.
Already last year, the company signed a purchase agreement for its rare earth products. As it became known, the contract partners are the German chemical company BASF and the Japanese commodity distributor Sojitz. According to press reports, almost half of the production is to be reserved for the Japanese market over a period of ten years. However, as further communicated, the Company is also currently in discussions with other potential customers for their products, which are to be promoted in Australia and processed in Malaysia. Above all, customers from the USA, Japan and Europe are on the wish list of the company.
Processing plant almost completed
And the processing plant in the Malaysian Kuatan is scheduled to go into production by the end of this year, after the group first received 2012's temporary approval in February. Already in the coming months, the first material for the mentioned plant should be picked. As it became known, this coincides with the plans of society. However, there are currently some protests from the local population. Because they fear due to the commissioning of the processing plant possible leaking radiation.
For Lynas Corp. it is certainly pleasing to have already found various customers for the rare earth products produced in advance. However, as the company is still looking for other customers, it can not be completely ruled out that production will sell out soon. However, due to the current protests, the production of Rare Earth products could possibly be postponed because there is currently a pending lawsuit pending. Therefore, it remains to be seen when the processing plant can actually be started up by the Australians.
(Www.emfis.com)
