Lynas Corp. Ltd. (LYSCF)

[Mord]

INCREASE OF CHINESE GOVERNMENT’S EXPORT TARIFF ON RARE EARTHS
Key Points:
• Chinese export tariffs on Rare Earths increased to between 15% and 25%
• The export tariff increase on current prices would equate to an international market price of US$12.82/kg of Rare Earths Oxide for the Mount Weld distribution.

The Chinese Government authorities announced increases of the export tariff on Rare Earths effective 1 January 2008.

Lynas believes the increase of the export tariff highlights the shortage of Rare Earths and confirms the policy of the Chinese Government to protect the increasingly tight supply of Rare Earths in China. China is essentially the only current global source for these strategic elements until Lynas’ Mount Weld project comes on stream in 2009.

Lynas owns the richest deposit of Rare Earths in the world at Mount Weld and with over $300M in sales are already sold out of their stage 1 production!

This should definitely be added to everyone's LT investment portfolio.