Lynas - Success in Malaysia and Malawi

2012 will be an exciting year for Lynas. Malaysia and Malawi will be the focus.

Rare metals are needed for mobile phone, solar cells and much more
The processing system of Lynas (WKN: 871 899) in Malaysia is almost finished. In the first quarter of 2012, all work must be completed. Chairman Nicholas Curtis makes this announcement also shows that despite the delays, the budget has been met for the building.

Whether it can go straight to the already completed with the production of rare earths, is now open. For the official approval of the Government of Malaysia is not yet available for the facility. Government authorities and the International Atomic Energy Agency have in the past few months - check the security of the system - after considerable pressure from the public. It has apparently been various recommendations of the Atomic Energy Agency, which were implemented. Now it was soon to give the hoped-for license, so the plant can restart. Gives an exact date for it yet, says Curtis, too long the approval process should take no more however. Lynas has filed claims to all necessary documents long ago.

Nicholas Curtis believes that the plant can take on any case in the first half of 2012 their work. 2013, it will then reach full capacity. This amounts to 11,000 tons annually, first of rare earths. The bulk of the annual production is sold by contract already. A number of companies have already secured the coveted raw materials to the partners of Lynas is one of Siemens from Germany. Currently about 70 percent of the total annual production is already scheduled. Lynas wants this to be increased to 90 percent.

Medium term, the investment in Malaysia also process stone from Malawi. Lynas examined there a new area. It has already ordered the rig to conduct appropriate exploration work. The development in Africa will drag on at least until 2013 or 2014.

Have during the year sighted antics at the rare-earth price in the opinion of the manager have been exaggerated. There were price increases of more than 300 percent. These extremely strong increases he deems excessive. The recent drop in prices has brought back to a healthy level courses. For not only the patrons are to benefit from the rare-earth but also the industry. Too high prices for rare earths are poison for the processors. And the producers can with current prices still live very well.