Australian rare earth miner Lynas Corp. announced Monday the promotion of Eric Noyrez to chief executive officer as of March 31.

Noyrez, who was chief operating officer for the last 12 years,  will take over from Nicholas Curtis, who will remain on the board of directors and be responsible for strategy development.

The company said it was a good time for the planned CEO transition to take place following the recent first products coming out of its Malaysia rare earths plant.

Prior to Lynas, Noyrez spent nine years with Rhodia, a French chemical group now part of the multinational Solvay Group. He was head of the its silcea division, which is a major consumer of rare earths. Before that he worked with Shell, managing chemical and industrial businesses, as well as automotive group Peugeot/Citroen.

The Lynas advanced materials plant (LAMP) in Malaysia is the world's largest for rare earths processing.


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The rare earth industry has made new breakthroughs since the government and commission of Heyuan city attached great importance to it, and the Economic and Informationization Committee of Guangdong Province has approved the plan of setting up a Rare Earth High-tech Material Industrial Park in Heyuan city. Reporters had recently learned that the City Commission has sent a delegation to Ganzhou, Jiangxi in 5, March to learn the experience of the development and operation of rare earth resources in the region, which will be helpful to promoting the city rare earth deep processing work and transforming the resource advantages into industrial advantages as soon as possible.

Heyuan city suggested to carry out the investment development projectively and enhance the level of project development. One of the key points is to introduce a number of intensive resources processing projects, including full playing to the driving effect of Nongfushangquan backbone enterprises, and to introduce some domestic food and beverage companies; giving full play to the driving effect of Kibing Group, to speed up the construction of the silicon-introduction industry, and nurturing the chain of extended silicon industry; seizing the opportunities of the province to establish provincial Rare Earth industry Group and promote the consolidation of the rare earth industry, enhancing the closely strategic cooperation in the deep processing of rare earth  with provincial Rare Earth industry Group and China Minmetals; actively promoting the construction of Rare Earth High-tech material Industrial Park and improving the level of intensive development of rare earth. to make every effort to the rare earth industry and aquaculture, in this year, the city will prepare a development plan to perfect rare earth industry and the food and beverage industry which is based on the water resources, and they will study the investment development work and make out measures on the development of the rare earth indutry.

The official of the city commission said, Heyuan City attaches great importance to play the industrial base and resource advantages, on which basis, they actively build the Heyuan featuring modern industrial system of Heyuan and accelerate the development of strategic emerging industries. It is understood that after the PV industry was included in the strategic emerging industries of the province in 2011, they had successfully got a new generation of mobile communication terminal products manufacturing industries being included in those strtegic emerging industries last year. The city also became the only province which has two strategic emerging industries base. Driven by this, in last year, the city got its mobile phone production of 59.88 million, the output value of 21.7 billion yuan, an increase of 34.9% and 40% respectively, in which the new generation of mobile communication products accounted for 65%. The city's strategic emerging industries yielded the output value of over 25 billion yuan, accounting for 23% of the city's total industrial output value and realized an increase of seven percentage points.


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Today, some of the suppliers of rare earths market ajusted the price, the market transactions are in general, industry participants reflect the instability of the recent rare earth market.

It is understood that individual traders today raised the praseodymium neodymium metal tax offer to 410,000 yuan / ton, the tax price of gadolinium oxide increased to 145,000 yuan / ton. The suppliers of the praseodymium neodymium oxide and dysprosium iron also mobilized the price. Previously, the excluding tax price of  the neodymium oxide was 260,000 yuan / ton, and now it's raised to 265,000 yuan / ton. The tax price of dysprosium iron was reported 2.05 million yuan / ton and now raised to 2.1 million yuan / ton. And we all know that as early as last week, the tax price of the praseodymium neodymium metal was 410,000 yuan / ton, and the offer of the  neodymium  praseodymium oxide being of 265,000 yuan / ton excluding tax has been common. Although no significant change has been caught sight of in the actual transaction price, cargo operators insist their offer and the price-holders in the rare earth market increased.

In addition to some high active rare earth metals in the market, like praseodymium neodymium metals, gadolinium and dysprosium, some of the salts of rare earth market still downturn, such as lanthanum, cerium carbonates, chlorides, etc.. According to some traders in Shanghai, the salts of rare earth is more difficult to sell, and the market turnover is not good.  The tax price of cerium carbonate was 24,000 yuan / ton, lanthanum cerium chloride tax price at 17,000 yuan / ton. Rare earth carbonate market tax price is around 30,000 yuan / ton.

                              


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Taking into account the introduction of real estate on March 1 the five countries "Conditions could dampen investor confidence, the HSBC China manufacturing PMI in February fell to a four-month low, we lowered the rating to" hold "of the nonferrous metals industry. Base metals and precious metals no significant opportunities, industry Aspect is still rare earth policy tightening is expected, as well as energy saving benefit. We recommend investors configure the sub-sectors of rare earth (Guang Sheng colored, * ST Guanlu, Baotou Steel Rare Earth, Xiamen Tungsten) and energy conservation benefit shares (the western materials, Yi balls resources, Grammy).

1.Base metals: real estate regulation affecting demand 
To replenish stocks ahead of the end of the Fed easing, and regulation of real estate concerns to China again, after the Spring Festival, basic metals downstream enterprises is not the same as in previous years, a large number of procurement but to demand the main base metals consecutive weeks crash. Taking into account the HSBC China manufacturing PMI in February fell to 4 month low on Friday introduced the five countries "Conditions could dampen investor confidence, we recommend a short-term reduction with base metals.

2.Precious Metals: The dollar index Refresh six month high 
The dollar index continued to rise, and refresh the six month highs this week, gold and silver fell by -0.25% and -0.40% respectively. Gold ETF SPDR Gold institutional investors are still underweight gold positions dropped to a seven-month low of 1,254 tons in February 28 Kusakabe. We believe that precious metals there is no obvious short-term opportunities. 

3.Small metal: looking forward to the rare earth policies favorable landing 
Maintain rare earth sub-sectors "buy" rating. Although the week this week, light rare earth oxides price fell by 1.99%, 0.36% heavy rare earth oxide prices (praseodymium, neodymium prices edged up 2%, up 5% dysprosium, lanthanum and cerium prices fell by nearly 10% and 8% ). March 5 upcoming two sessions, we believe that favorable policies may exceed expected, as detailed in the report, "the heavy rare earth undervalued, dividend policy will continue. Proposed to continue to focus on: * ST Guanlu Rising colored, Baotou Steel Rare Earth. The tungsten areas: tungsten concentrate prices rose slightly to 1,000 yuan, but the downstream products not follow up. Lithium carbonate prices steady, but Tian Qi Li Tai Lisen shareholders overwhelmingly approved benefit due to the acquisition of the Group has been. Is expected that the acquisition the Tai Lisen to thickening of the company in 2013 EPS to 0.83 yuan.

4.New materials: energy saving core benefit 
China and more fog and haze makes energy conservation a hot market, new material part of the company is expected to benefit. Including western material (titanium clad steel plate used for flue gas desulfurization); recycled metal the subject: Grammy Yi ball resources. This week the NdFeB H35 Price cost ratio fell from 0.98 to 0.96, the cost of processing enterprises to further increase the pressure.

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