Thursday, September 06, 2012 2:40:29 PM
(quote)
"Lynas has thousands of tons of unprocessed raw materials piled up at its Mount Weld mine in Western Australia ready for export, Chief Executive Officer Nicholas Curtis said June 29. The processing hold-up has had repercussions for clients with some reversing plans to open factories near the Malaysian refinery. Instead they set up in China, which currently supplies 90 percent of the world’s rare earths, he said then".
I hope that little snippet sinks into the consciousness of those trying to make political capital by sinking LAMP. No developing country can afford to scare away hi-tec businesses such as those using rare earth metals.
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