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Chemical Week Magazine :: Specialty Chemicals

New Capacity to Stabilize Rare Earths Market

5:34 AM MDT | August 31, 2012 | —Vincent Valk

Production from Molycorp (Greenwood Village, CO) and Lynas (Sydney)—the first major miners of rare earths outside China since the 1990s—is expected to help stabilize the global rare earths market, which has been roiled in recent years by massive price fluctuations and China’s near-monopoly on supply. Molycorp is expected to be able to supply 19,050 m.t./year of rare earth oxides (REO) by the end of this year, with Lynas supplying 11,000 m.t./year. China supplies more than 90% of the world’s rare earths, yet most reserves lie outside the...

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