Rare Earth Elements production unlikely to increase outside of China in 2010
Jack Lifton told delegates attending the 2010 Mining Indaba in Cape Town that 2010 was already shaping up as the year of rare metals.
Rare-earth metals are critical technology metals used in the manufacturing of hybrid cars, super alloys used in the defence industry, cellphones, large wind turbines, missiles and computer monitors.
Lifton said that rare-earth metals were the "newest great interest" amongst investors, primarily the result of growing demand.
The demand for rare-earth metals had resulted in a significant increase in the number of junior miners.
In the last year alone, Lifton stated that more than 100 junior miners have announced over 150 different rare-earth mining plays.
These were just the private ventures that have gone public as initial public offerings, or have changed the direction of their existing listed entity, to take into account rare earth "discoveries" or acquisitions.
Interestingly, Lifton noted that the rising demand had not increased supply.
The probability of an actual supply increase is dependent on at least a dozen variables, none of which had to do with the share price of the junior miner being analysed, he said.
The supply of rare earths during the next decade, could only be maintained and increased by those which were already producing rare earths, or those that had produced them before and could reactivate their mines, or miners that had been developing good properties for many years already.
Significantly, Lifton predicted that there would be no increase in rare-earth metal production outside China. The Asian giant currently accounted for 95% of rare earth-metal production.
- Bauxite Resources公司收到大量持股通知
- ASF Group的联营公司将Dawson West热煤项目的资源储量提升至6.45亿公吨
- White Cliff Minerals公司于Aucu项目发现新的矿化带
- Bauxite Resources公司非执行董事卸任
- South Boulder Mines公司董事长购买市售股份
- Carbon Energy公司筹资500万澳元以推进天然气项目
- South Boulder Mines公司降低Colluli钾肥项目的运营开支和资本开支