RARE EARTH INDUSTRY – AUSTRALIA

US-Australia to secure rare earths

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Original article by Angus Grigg, Phillip Coorey
The Australian Financial Review – Page: 1 & 2 : 13-Jun-19

The US, Canada and Australia will co-operate in developing a strategy to reduce reliance on China for key minerals such as rare earths and lithium. Rare earths in particular are crucial in a range of technology, including defence systems, wind turbines and electric vehicle batteries. Meanwhile, Austrade has identified a list of Australia’s ‘critical’ mineral resources that could potentially be developed using offshore capital. The Northern Australia Infrastructure Facility is also considering an investment in Arafura Resources’ proposed rare earths mine in the Northern Territory.

CORPORATES
AUSTRADE, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY, ARAFURA RESOURCES LIMITED – ASX ARU, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, GEOSCIENCE AUSTRALIA, AUSTRALIAN NUCLEAR SCIENCE AND TECHNOLOGY ORGANISATION, AUSTRALIA. DEPT OF DEFENCE, AUSTRALIA. NATIONAL SECURITY COMMITTEE, UNITED STATES. DEPT OF COMMERCE, CHINA. NATIONAL DEVELOPMENT AND REFORM COMMISSION, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Rare earths dispute lifts Lynas

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Original article by Paul Garvey
The Australian – Page: 20 : 22-May-19

Lynas Corporation produced 5,444 tonnes of neodymium and praseodymium in fiscal 2018, but it has outlined plans to lift this to 10,500 tonnes a year via a $500m capital investment program. Lynas has also advised that it will undertake the initial processing of ore from its Mt Weld project in Western Australia at a site near the mine, rather than exporting the raw materials to its processing plant in Malaysia. Meanwhile, Lynas share closed 14.4 per cent higher at $2.26 on 21 May, after China flagged plans to cease exporting rare earths to the US amid ongoing trade tensions between the two nations.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, WESFARMERS LIMITED – ASX WES

Lynas caves in over local processing

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Original article by Paul Garvey
The Australian – Page: 17 & 20 : 9-Apr-19

Dylan Kelly of CLSA estimates that Lynas Corporation will incur costs of about $100m if it shifts the ‘cracking and leaching’ part of its rare earths processing operation from Malaysia to Australia. Malaysian Prime Minister Mahathir Mohamad recently signalled that Lynas will be able to keep its processing plant open provided that early-stage processing is carried out in Australia. Lynas suitor Wesfarmers committed to undertaking this stage of processing in Australia in talks with the Malaysian Government.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, WESFARMERS LIMITED – ASX WES, MALAYSIA. DEPT OF THE PRIME MINISTER, CLSA AUSTRALIA PTY LTD, GREENCAPE CAPITAL PTY LTD, JAPAN AUSTRALIA RARE EARTHS, JAPAN OIL GAS AND METALS NATIONAL CORPORATION, SOJITZ CORPORATION

Wesfarmers talks to Malaysia over Lynas

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Original article by Paul Garvey
The Australian – Page: 17 & 20 : 28-Mar-19

Rare earths miner Lynas Corporation has rejected an unsolicited $1.5bn takeover bid from Wesfarmers. Lynas CEO Amanda Lacaze has also criticised Wesfarmers’ move to engage directly with the Malaysian government regarding Lynas’s processing plant in Kuantan, stating that the conglomerate cannot speak on behalf of the company. Meanwhile, stockbroking firm Morgans has cited factors such as the political risk in Malaysia for its decision to downgrade its recommendation on Wesfarmers shares from ‘add’ to ‘hold’.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, WESFARMERS LIMITED – ASX WES, MORGANS FINANCIAL LIMITED, GREENCAPE CAPITAL PTY LTD, CHALLENGER LIMITED – ASX CGF, CITIGROUP PTY LTD

Lynas fair go plea as tax review looms

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Original article by Peter Ker
The Australian Financial Review – Page: 13 & 16 : 3-Oct-18

Australian-listed rare earths producer Lynas Corporation still does not know if the new Malaysian Government will undertake a review of its refinery. There has been speculation that any such review could include the tax break that Lynas received from the previous government. Lynas CEO Amanda Lacaze says a review of the tax break – which will shortly need to be renewed – is highly possible, and she has urged the government led by Mahathir Mohamad to be "fair and just" if it does undertake a review.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC

Lynas dives on hostile review fears

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Original article by Peter Ker
The Australian Financial Review – Page: 13 & 28 : 25-Sep-18

Media reports in Malaysia have suggested that a mooted government review of Lynas Corporation’s rare earths processing plant in the province of Kuantan may be headed by a politician who has been a critic of the miner in the past. Lynas has advised that the Malaysian Government has yet to confirm that it will undertake a review of the refinery, but this has been widely anticipated since the election of the nation’s new coalition government. Shares in Lynas closed 18 per cent lower on 24 September.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC

Aussie miner in trade war crossfire

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Original article by Alexandra Stevenson
The Australian Financial Review – Page: 20 : 13-Jul-18

China’s domination of the global rare earths market gives the nation significant power in a trade war with the US. Rare earth minerals are an essential component of consumer goods such as smartphones and electric cars. Chinese-made goods containing rare earths are among those being targeted by the Trump administration’s latest round of tariffs. Amanda Lacaze, the CEO of Australian-listed rare earths producer Lynas Corporation, says China could easily restrict global supply if a full-scale trade war erupts. Lynas produced about 12 per cent of global rare earths supply in 2017.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, ADAMAS INTELLIGENCE

Lynas sees rare chance in trade row

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Original article by Glenda Korporaal
The Australian – Page: 17 & 28 : 6-Mar-18

Lynas Corporation has posted a 2017-18 interim profit of $A63m, compared with a $A19.3m loss for the previous corresponding period. Revenue was up 75 per cent at $A200.9m, while the rare earths miner reduced its debt to $US256.5m. CEO Amanda Lacaze says the Federal Government’s proposed collaboration with the US on the development of rare earths is positive for the local industry, adding that Lynas has contacted the office of Prime Minister Malcolm Turnbull regarding the issue.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Lynas hits quarterly revenue record

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Original article by Daniel Palmer
The Australian – Page: 32 : 19-Jul-16

Australian-listed Lynas Corporation has reported sales of $A196.1m for 2015-16, compared with $A148.6m previously. The rare earths producer’s full-year result was boosted by record sales in the fourth quarter, with gross sales revenue for the period rising by 27 per cent to $A55.9m. Lynas shares closed $A0.008 higher at $A0.084 on 18 July 2016.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC

Lacaze puts struggling Lynas back on track

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Original article by Glenda Korporaal
The Australian – Page: 21 : 17-May-16

Shares in rare earths producer Lynas Corporation were trading at about $A0.14 when Amanda Lacaze became CEO in mid-2014, compared with a peak of $A2.25 in 2011. The stock is currently trading at around $A0.07, but Lynas has increased its output, reduced its operating costs and scaled back its workforce during Lacaze’s tenure. The group’s sales rose by 43 per cent rise to $A93m during the second half of 2015, and its operating loss fell to $A40m.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, TELSTRA CORPORATION LIMITED – ASX TLS, COMMANDER COMMUNICATIONS LIMITED, NESTLE AUSTRALIA LIMITED, ORICA LIMITED – ASX ORI, MOLYCORP MINERALS LLC