2020 global demand for rare earths is expected average annual growth rate of 5-6%

Australian rare earths company Lynas CEO Eric Noyrez Thursday (12 May) said that based on the primary end-market forecasts of future demand, is expected by 2020, the global rare earth markets will grow 5% -6% growth rate, while some elements the growth rate will be faster.

Eric Noyre on Thursday (the 12th) at the 2013 annual meeting of the International Rare made ​​the above remarks.

"But if there is no long-term stability of prices and supply, so that would not play such rare earth market potential." Eric Noyre said.

According to Eric Noyre said, Lynas Malaysia, LAMP project two project will be three quarters of production, production capacity, and a two, like, the same as 11,000 tons / year.


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