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LYC LYNAS CORPORATION LIMITED
January 2009
30th Quarterly Cashflow Report - Appendix 5B
30th Quarterly Activities Report
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=436699
29th Trading Halt
QUARTALSBERICHT für die Zeit bis zum 31. Dezember 2008
Ein Auszug aus dem Quartalsbericht der m.E. wichtigsten Punkte:
Bei Lynas ist nicht nur weiterhin alles im grünem Bereich sondern die Preise für viele der notwendigen Chemikalien für den Betrieb der Produktionsanlage sind laut dem QUARTALSBERICHT von Lynas im vergangenem Quartal schon erheblich zurückgegangen. (z.B. Schwefel das einer der wichtigsten Säuren für den Produktionsbertrieb ist)
Bei den abgeschlossenen Verträgen für Schwefelsäure wurde von Lynas mit den Lieferanten der Marktpreis zum Zeitpunkt der Lieferung festgelegt.
Große benötigte Mengen von Chemikalien werden aus Rohöl gewonnen was zu einem erhebliche Rückgang der Preis für diese Produkte zur Folge hat.
Dadurch haben sich die operativen Kosten, zum jetzigem Stand, prognostiziert auf den Produktionsbeginn, auf US$ 5.75 ± 10% / kg für die operativen Cash-Kosten von der Mine bis zum Endprodukt, verringert.
Der Verkaufswert für die bereits unterzeichneten Vorverkaufverträge bezogen den Dezember 2008 (die vierteljährlichen Preise sind der Tabelle zu entnehmen)belaufen sich in den ersten fünf Jahren des Betriebs auf mehr als US$ 490 Millionen.
Seltene Erden Exportquote in China wurde durch das Ministerium für Handel der People's Republic of China auf 15.043 Tonnen für das erste Halbjahr 2009 verringert.
Dies ist ein Rückgang von 34% im Vergleich zu den ersten sechs Monaten bezogen auf die Quote für das letzte Jahr.
Es wird laut Lynas davon ausgegangen das die Quote 2009 zum Schutz der chinesischen Ressourcen weniger als 30000 Tonnen für den Export genehmigt werden.
Dies entspricht einem Rückgang von 25% im Vergleich auf die Exportquote bezogen auf das Jahr 2008.
Das Unternehmen eröffnet das Quartal mit $102,9 Millionen verfügbarer Zahlungsmittel und schloss das Quartal mit einer Höhe von $ 71,0 Millionen. Die Abnahme der liquiden Mitteln von 31,9 Mio. $ ist im Folgenden zusammengefasst: (siehe Tabellen)
usw.
Grüsse JoJo
LYC LYNAS CORPORATION LIMITED
January 2009
30th Quarterly Cashflow Report - Appendix 5B
30th Quarterly Activities Report
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=436699
29th Trading Halt
QUARTALSBERICHT für die Zeit bis zum 31. Dezember 2008
Ein Auszug aus dem Quartalsbericht der m.E. wichtigsten Punkte:
Bei Lynas ist nicht nur weiterhin alles im grünem Bereich sondern die Preise für viele der notwendigen Chemikalien für den Betrieb der Produktionsanlage sind laut dem QUARTALSBERICHT von Lynas im vergangenem Quartal schon erheblich zurückgegangen. (z.B. Schwefel das einer der wichtigsten Säuren für den Produktionsbertrieb ist)
Bei den abgeschlossenen Verträgen für Schwefelsäure wurde von Lynas mit den Lieferanten der Marktpreis zum Zeitpunkt der Lieferung festgelegt.
Große benötigte Mengen von Chemikalien werden aus Rohöl gewonnen was zu einem erhebliche Rückgang der Preis für diese Produkte zur Folge hat.
Dadurch haben sich die operativen Kosten, zum jetzigem Stand, prognostiziert auf den Produktionsbeginn, auf US$ 5.75 ± 10% / kg für die operativen Cash-Kosten von der Mine bis zum Endprodukt, verringert.
Der Verkaufswert für die bereits unterzeichneten Vorverkaufverträge bezogen den Dezember 2008 (die vierteljährlichen Preise sind der Tabelle zu entnehmen)belaufen sich in den ersten fünf Jahren des Betriebs auf mehr als US$ 490 Millionen.
Seltene Erden Exportquote in China wurde durch das Ministerium für Handel der People's Republic of China auf 15.043 Tonnen für das erste Halbjahr 2009 verringert.
Dies ist ein Rückgang von 34% im Vergleich zu den ersten sechs Monaten bezogen auf die Quote für das letzte Jahr.
Es wird laut Lynas davon ausgegangen das die Quote 2009 zum Schutz der chinesischen Ressourcen weniger als 30000 Tonnen für den Export genehmigt werden.
Dies entspricht einem Rückgang von 25% im Vergleich auf die Exportquote bezogen auf das Jahr 2008.
Das Unternehmen eröffnet das Quartal mit $102,9 Millionen verfügbarer Zahlungsmittel und schloss das Quartal mit einer Höhe von $ 71,0 Millionen. Die Abnahme der liquiden Mitteln von 31,9 Mio. $ ist im Folgenden zusammengefasst: (siehe Tabellen)
usw.
Grüsse JoJo
Lithium, das Metall der Braunen Zwerge
Von Hans Jörg Müllenmeister
Sonntag, 25. Januar 2009
Nach der Geburt unseres Universums zählte Lithium neben Wasserstoff und Helium zu den erstgeborenen Elementen. Ein kosmischer Hort für Lithium sind die sogenannten Braunen Zwerge.
Diese Zwittergebilde sind weder reinrassige Sterne noch Planeten. Wegen ihrer geringen Kerntemperatur und Masse - um die 70 Jupitermassen - kommt es statt zu einer Wasserstofffusion zu einer Lithiumfusion: ein Lithiumkern reagiert mit einem Proton. Durch ihre typischen kaminroten Li-Linien und Methan-Bande in ihrem Spektrum sind Braune Zwerge, selbst Lichtjahre entfernt, identifizierbar. Ansonsten geizt das Universum mit Lithium.
Hier auf Erden suchen Lithiumatome gerne die Gesellschaft mit anderen Atomen. Immerhin ist das Alkalimetall in rund 150 Mineralienarten zu Gast, z. B. in Spodumen, Amblygonit, Lepidolith, Triphylin.
In Lithiumerzen liegt der Anteil des Alkalimetalls zwischen 1 bis 3%. In den mehrfarbigen Edelsteinen mit Pleochroismus wie Hiddenit und Kunzit ist Lithium eng mit Aluminium und Silicat verbunden. Außer in Eruptivgesteinen läßt sich Lithium in manchen Mineralquellen nachweisen. Die wichtigsten industriell genutzten Lithiumquellen sind heute Lithiumsalze, die als Nebenprodukt bei der Gewinnung von Pottasche und Borax anfallen.
Einige Pflanzen nehmen Lithiumverbindungen aus dem Boden auf und reichern sie an. Durchschnittlich enthalten Hahnenfußgewäche und auch Tabak etwa 3 ppm Lithium, das sind 3 Teile auf eine Million. Selbst Tabakmuffel haben etwa 7 mg Lithium im Körper gespeichert. Das Element ist jedoch nicht lebensnotwendig und hat keine bekannte biologische Funktion. Außerhalb des Körpers reagiert es bei Hautfeuchtigkeit schon durch Berühren ausgesprochen ätzend.
Sollten einige von uns durch die weltweite Finanzkrise manisch-depressiv werden und über Cluster-Kopfschmerzen klagen, entfacht bestimmt eine Dosis von Lithiumsalz eine beruhigende, antidepressive Wirkung. Diese Lithiumtherapie ist genauso wenig ein Witz, wie Dynamit nachweislich die Herzkranzgefäße erweitert. Auf die Dosis kommt es dabei an, man muß ja nicht gleich in die Luft gehen.
Wußten Sie, dass die Dichte des silberweißen Superleichtgewicht Lithium nur etwa halb so groß ist wie Wasser? Trotzdem hat das butterweiche Lithium unter den Alkalimetallen den höchsten Schmelzpunkt mit 180°C und einen ausgedehnten Flüssigkeitsbereich, der bis 1317°C reicht. Das ist der Grund, warum man das Alkalimetall sowohl bei sehr hohen, als auch sehr niedrigen Temperaturen einsetzten kann.
Als typisches Metall ist es ein guter Wärmeleiter und vermag den Strom 18% so gut zu leiten wie Kupfer. Seine hohe Wärmekapazität machen Lithium zu einem hervorragenden Kühlmittel in Wärmetauschern. Ausgesprochen brenzlig reagiert Lithium an der bloßen Luft, deswegen muss man das Metall unter Luftabschluß in Paraffinöl aufbewahren. Genau diese Fähigkeit, direkt mit dem Stickstoff zu reagieren, nutzt man positiv zu dessen Entfernung aus Gasen.
Als Reduktionsmittel in der Metallurgie dient es dem Entschwefeln und dem Desoxidieren von Metallschmelzen. Das silbrig glänzende Metall macht Legierungen mit Aluminium, Magnesium und Blei stabiler hinsichtlich Härte, Elastizität und Zugfestigkeit. Beispiel: Lagermetall mit 0,04% Lithiumzusatz. Die technisch wichtigste Verbindung ist das schwerlösliche Lithiumcarbonat.
Man nutzt es für Glasuren und als Flussmittel bei der Herstellung von Email, außerdem lassen sich daraus andere Lithiumverbindungen gewinnen. Lithiumfluorid gebraucht man für ultraviolettdurchlässige Gläser und vergütet damit optische Linsen. Die häufigste Anwendungsform findet Lithiumstearat als Gelier- und Verdickungsmittel für Öle, um diese in Schmierfette umzuwandeln. Diese zeigen eine hervorragende Temperaturstabilität oberhalb 150°C und bleiben bis -20°C schmierfähig.
Die jährliche Weltproduktion von Lithiumcarbonat ist mit 39.000 Tonnen angegeben. Weltweit schätzt man die Reserven auf über 7 Mio. Tonnen. Lithium, das Kernbrennmaterial der Braunen Zwerge, schickt sich an die Rolle eines der Schlüsselmetalle der kommenden Automobilgeneration zu übernehmen, jedenfalls solange die Brennstoffzellenentwicklung noch nicht abgeschlossen ist.
Es geht um innovative Elektroantriebe, die auf der Basis von Lithium-Ionen-Akkumulatoren Reichweiten von 400 Kilometer erzielen. Sie werden sagen, im Prinzip ist das doch nicht Neues. Indessen kam es nie zu einem Durchbruch der Technik mit elektrischen Antriebskonzepten. Warum aber?
Bereits seit 1900 legte man immer wieder durchdachte innovative Antriebskonzepte für Elektroantriebe vor. All diese Ideen wurden von mächtigen Kartellen aufgekauft, vernichtet oder verschwanden in schweigsamen Panzerschränken der Öl- und Automobilindustrie. Das Ergebnis: Die Elektromobile blieben auf der Strecke und die Verbrennungsmotoren machten das Rennen.
Die mächtigen Konzernhaie schlossen sich zu Interessenskartellen zusammen: Mineralölindustrie, Kraftwerksbauer, Chemiekonzerne, Autokonzerne, Pharmaunternehmen. Die Ölkonzerne können aber beliebige Gewinne machen, solange der Verbrennungsmotor lebt. Den „Quantensprung“ konnte man indes nicht für alle Zeiten verhindern, sondern nur aufhalten. Jetzt ist es soweit. Seit Ende 2006 kam es gleichzeitig zu mehreren Entwicklungen. Der endgültige Durchbruch steht bevor. Dazu zählen Fahrzeugbatterien, die auf der Basis von Lithium-Ionen arbeiten, sie stehen kurz vor der Serienfertigung.
Um die ganze Tragweite zu erfassen, werfen wir einen Seitenblick auf eine andere Fahrzeugkomponente, den Radnarbenmotor. Durch den Einbau des Antriebes in die Radfelge und das Wegfallen eines Getriebes wird das Fahrzeuggewicht des Elektrofahrzeuges gesenkt und Platz gespart. Vor allem: da es keinen zentralen Motor gibt, entfällt das Getriebe, der Wirkungsgrad steigt und der Energieverbrauch verringert sich.
Abgesehen davon, dass ein Verbrennungsmotor Abgase erzeugt, unterliegt er einem hohen Verschleiß und benötigt ein Getriebe sowie einen Starter. Der mechanische Wirkungsgrad ist katastrophal wegen der hin und her bewegten Teile, die Zylinder. Taktmäßig werden sie immer wieder von Null auf Maximalgeschwindigkeit beschleunigt - eine völlig „unrunde“ unnatürliche Sache, die unnütz Energie kostet.
Ein Lithium-Ionen-Akkumulator ist im Gegensatz zur Lithium-Batterie wiederaufladbar; er erzeugt die elektromotorische Kraft, also die Urspannung einer galvanischen Zelle, durch Verschieben von Lithium-Ionen. Beim Ladevorgang wandern positiv geladene Lithium-Ionen durch einen Elektrolyten hindurch: von der positiven Elektrode zur negativen, während der Ladestrom die Elektronen über den äußeren Stromkreis liefert.
Der Clou des Li-Ionen-Akku ist seine hohe Energiedichte. Seine nutzbare Lebensdauer beträgt mehrere Jahre. Li-Ionen-Akkus versorgen tragbare Geräte mit hohem Energiebedarf, z. B. Mobiltelefone, Digitalkameras, Akkuschrauber oder Laptops, vor allem jetzt auch Elektro- und Hybritfahrzeuge.
Keine Zukunftsmusik! So ein Elektroautomobil gibt es bereits heute. Es ist der Tesla-Roaster. Das Fahrzeug passt sich einer Teillast besser an als ein Verbrennungsmotor. Weniger bekannt ist, dass im absoluten Beschleunigungsvergleich Elektroantriebe allgemein Verbrennungsmotoren überlegen sind. Außerdem wirkt der Elektromotor beim Bremsen als Generator und kann so einen Teil der aufgebrachten Bewegungsenergie wieder in elektrische Leistung umwandeln.
Dies spart besonders bei Stadtfahrten Energie. Bemerkenswert ist der Lithium-Ionen-Akku im Tesla Roaster: Das sind insgesamt 6.831 handelsübliche Zellen mit einer Speicherkapazität von insgesamt 55 Kilowattstunden; diese geben eine Spannung von 400 V an den Motor ab. Das gesamte Wasser- und Glykol-gekühlte Energiepaket wiegt etwa 450 kg. Ein Riesenplus bei den heutigen Spritpreisen: Der Energiebedarf beträgt im Stadtverkehr etwa 133 Wh/km, bezogen auf den Energiegehalt von Benzin entspricht dies 1,74 Liter auf 100 km.
Während Braune Zwerge ihre immense Energie aus der Lithiumfusion gewinnen, beziehen irdische, zukünftige Elektromobile ihre Energie aus Lithium-Ionen-Akkumulatoren. Dem duftenden Verbrennungsmotor wäre damit der Stinkaus gemacht.
Von Hans Jörg Müllenmeister
Sonntag, 25. Januar 2009
Nach der Geburt unseres Universums zählte Lithium neben Wasserstoff und Helium zu den erstgeborenen Elementen. Ein kosmischer Hort für Lithium sind die sogenannten Braunen Zwerge.
Diese Zwittergebilde sind weder reinrassige Sterne noch Planeten. Wegen ihrer geringen Kerntemperatur und Masse - um die 70 Jupitermassen - kommt es statt zu einer Wasserstofffusion zu einer Lithiumfusion: ein Lithiumkern reagiert mit einem Proton. Durch ihre typischen kaminroten Li-Linien und Methan-Bande in ihrem Spektrum sind Braune Zwerge, selbst Lichtjahre entfernt, identifizierbar. Ansonsten geizt das Universum mit Lithium.
Hier auf Erden suchen Lithiumatome gerne die Gesellschaft mit anderen Atomen. Immerhin ist das Alkalimetall in rund 150 Mineralienarten zu Gast, z. B. in Spodumen, Amblygonit, Lepidolith, Triphylin.
In Lithiumerzen liegt der Anteil des Alkalimetalls zwischen 1 bis 3%. In den mehrfarbigen Edelsteinen mit Pleochroismus wie Hiddenit und Kunzit ist Lithium eng mit Aluminium und Silicat verbunden. Außer in Eruptivgesteinen läßt sich Lithium in manchen Mineralquellen nachweisen. Die wichtigsten industriell genutzten Lithiumquellen sind heute Lithiumsalze, die als Nebenprodukt bei der Gewinnung von Pottasche und Borax anfallen.
Einige Pflanzen nehmen Lithiumverbindungen aus dem Boden auf und reichern sie an. Durchschnittlich enthalten Hahnenfußgewäche und auch Tabak etwa 3 ppm Lithium, das sind 3 Teile auf eine Million. Selbst Tabakmuffel haben etwa 7 mg Lithium im Körper gespeichert. Das Element ist jedoch nicht lebensnotwendig und hat keine bekannte biologische Funktion. Außerhalb des Körpers reagiert es bei Hautfeuchtigkeit schon durch Berühren ausgesprochen ätzend.
Sollten einige von uns durch die weltweite Finanzkrise manisch-depressiv werden und über Cluster-Kopfschmerzen klagen, entfacht bestimmt eine Dosis von Lithiumsalz eine beruhigende, antidepressive Wirkung. Diese Lithiumtherapie ist genauso wenig ein Witz, wie Dynamit nachweislich die Herzkranzgefäße erweitert. Auf die Dosis kommt es dabei an, man muß ja nicht gleich in die Luft gehen.
Wußten Sie, dass die Dichte des silberweißen Superleichtgewicht Lithium nur etwa halb so groß ist wie Wasser? Trotzdem hat das butterweiche Lithium unter den Alkalimetallen den höchsten Schmelzpunkt mit 180°C und einen ausgedehnten Flüssigkeitsbereich, der bis 1317°C reicht. Das ist der Grund, warum man das Alkalimetall sowohl bei sehr hohen, als auch sehr niedrigen Temperaturen einsetzten kann.
Als typisches Metall ist es ein guter Wärmeleiter und vermag den Strom 18% so gut zu leiten wie Kupfer. Seine hohe Wärmekapazität machen Lithium zu einem hervorragenden Kühlmittel in Wärmetauschern. Ausgesprochen brenzlig reagiert Lithium an der bloßen Luft, deswegen muss man das Metall unter Luftabschluß in Paraffinöl aufbewahren. Genau diese Fähigkeit, direkt mit dem Stickstoff zu reagieren, nutzt man positiv zu dessen Entfernung aus Gasen.
Als Reduktionsmittel in der Metallurgie dient es dem Entschwefeln und dem Desoxidieren von Metallschmelzen. Das silbrig glänzende Metall macht Legierungen mit Aluminium, Magnesium und Blei stabiler hinsichtlich Härte, Elastizität und Zugfestigkeit. Beispiel: Lagermetall mit 0,04% Lithiumzusatz. Die technisch wichtigste Verbindung ist das schwerlösliche Lithiumcarbonat.
Man nutzt es für Glasuren und als Flussmittel bei der Herstellung von Email, außerdem lassen sich daraus andere Lithiumverbindungen gewinnen. Lithiumfluorid gebraucht man für ultraviolettdurchlässige Gläser und vergütet damit optische Linsen. Die häufigste Anwendungsform findet Lithiumstearat als Gelier- und Verdickungsmittel für Öle, um diese in Schmierfette umzuwandeln. Diese zeigen eine hervorragende Temperaturstabilität oberhalb 150°C und bleiben bis -20°C schmierfähig.
Die jährliche Weltproduktion von Lithiumcarbonat ist mit 39.000 Tonnen angegeben. Weltweit schätzt man die Reserven auf über 7 Mio. Tonnen. Lithium, das Kernbrennmaterial der Braunen Zwerge, schickt sich an die Rolle eines der Schlüsselmetalle der kommenden Automobilgeneration zu übernehmen, jedenfalls solange die Brennstoffzellenentwicklung noch nicht abgeschlossen ist.
Es geht um innovative Elektroantriebe, die auf der Basis von Lithium-Ionen-Akkumulatoren Reichweiten von 400 Kilometer erzielen. Sie werden sagen, im Prinzip ist das doch nicht Neues. Indessen kam es nie zu einem Durchbruch der Technik mit elektrischen Antriebskonzepten. Warum aber?
Bereits seit 1900 legte man immer wieder durchdachte innovative Antriebskonzepte für Elektroantriebe vor. All diese Ideen wurden von mächtigen Kartellen aufgekauft, vernichtet oder verschwanden in schweigsamen Panzerschränken der Öl- und Automobilindustrie. Das Ergebnis: Die Elektromobile blieben auf der Strecke und die Verbrennungsmotoren machten das Rennen.
Die mächtigen Konzernhaie schlossen sich zu Interessenskartellen zusammen: Mineralölindustrie, Kraftwerksbauer, Chemiekonzerne, Autokonzerne, Pharmaunternehmen. Die Ölkonzerne können aber beliebige Gewinne machen, solange der Verbrennungsmotor lebt. Den „Quantensprung“ konnte man indes nicht für alle Zeiten verhindern, sondern nur aufhalten. Jetzt ist es soweit. Seit Ende 2006 kam es gleichzeitig zu mehreren Entwicklungen. Der endgültige Durchbruch steht bevor. Dazu zählen Fahrzeugbatterien, die auf der Basis von Lithium-Ionen arbeiten, sie stehen kurz vor der Serienfertigung.
Um die ganze Tragweite zu erfassen, werfen wir einen Seitenblick auf eine andere Fahrzeugkomponente, den Radnarbenmotor. Durch den Einbau des Antriebes in die Radfelge und das Wegfallen eines Getriebes wird das Fahrzeuggewicht des Elektrofahrzeuges gesenkt und Platz gespart. Vor allem: da es keinen zentralen Motor gibt, entfällt das Getriebe, der Wirkungsgrad steigt und der Energieverbrauch verringert sich.
Abgesehen davon, dass ein Verbrennungsmotor Abgase erzeugt, unterliegt er einem hohen Verschleiß und benötigt ein Getriebe sowie einen Starter. Der mechanische Wirkungsgrad ist katastrophal wegen der hin und her bewegten Teile, die Zylinder. Taktmäßig werden sie immer wieder von Null auf Maximalgeschwindigkeit beschleunigt - eine völlig „unrunde“ unnatürliche Sache, die unnütz Energie kostet.
Ein Lithium-Ionen-Akkumulator ist im Gegensatz zur Lithium-Batterie wiederaufladbar; er erzeugt die elektromotorische Kraft, also die Urspannung einer galvanischen Zelle, durch Verschieben von Lithium-Ionen. Beim Ladevorgang wandern positiv geladene Lithium-Ionen durch einen Elektrolyten hindurch: von der positiven Elektrode zur negativen, während der Ladestrom die Elektronen über den äußeren Stromkreis liefert.
Der Clou des Li-Ionen-Akku ist seine hohe Energiedichte. Seine nutzbare Lebensdauer beträgt mehrere Jahre. Li-Ionen-Akkus versorgen tragbare Geräte mit hohem Energiebedarf, z. B. Mobiltelefone, Digitalkameras, Akkuschrauber oder Laptops, vor allem jetzt auch Elektro- und Hybritfahrzeuge.
Keine Zukunftsmusik! So ein Elektroautomobil gibt es bereits heute. Es ist der Tesla-Roaster. Das Fahrzeug passt sich einer Teillast besser an als ein Verbrennungsmotor. Weniger bekannt ist, dass im absoluten Beschleunigungsvergleich Elektroantriebe allgemein Verbrennungsmotoren überlegen sind. Außerdem wirkt der Elektromotor beim Bremsen als Generator und kann so einen Teil der aufgebrachten Bewegungsenergie wieder in elektrische Leistung umwandeln.
Dies spart besonders bei Stadtfahrten Energie. Bemerkenswert ist der Lithium-Ionen-Akku im Tesla Roaster: Das sind insgesamt 6.831 handelsübliche Zellen mit einer Speicherkapazität von insgesamt 55 Kilowattstunden; diese geben eine Spannung von 400 V an den Motor ab. Das gesamte Wasser- und Glykol-gekühlte Energiepaket wiegt etwa 450 kg. Ein Riesenplus bei den heutigen Spritpreisen: Der Energiebedarf beträgt im Stadtverkehr etwa 133 Wh/km, bezogen auf den Energiegehalt von Benzin entspricht dies 1,74 Liter auf 100 km.
Während Braune Zwerge ihre immense Energie aus der Lithiumfusion gewinnen, beziehen irdische, zukünftige Elektromobile ihre Energie aus Lithium-Ionen-Akkumulatoren. Dem duftenden Verbrennungsmotor wäre damit der Stinkaus gemacht.
Ist halt eine Australische Firma...
Kauf dir halt ne deutsche Aktie, dann hast du auch deutsche Berichte
Gruß
Raumfahrer
Kauf dir halt ne deutsche Aktie, dann hast du auch deutsche Berichte
Gruß
Raumfahrer
Antwort auf Beitrag Nr.: 36.442.641 von nc65-charts am 24.01.09 17:55:02Was heisst das auf Deutsch??
Lynas will Geld am deutschen Markt verdienen und sollte m.E. Berichte auch in Deutsch verfassen.
Man sollte alle Unternehmen die in Fremdsprache ihre Berichte verfassen und veröffentlichen an der Deutschen Börse verbieten!! Es gibt dann auch kein Mißverständnis bei der Übersetzung.
Wer will kann ja an der ausländischen Börse handeln.
mfg
JS
Lynas will Geld am deutschen Markt verdienen und sollte m.E. Berichte auch in Deutsch verfassen.
Man sollte alle Unternehmen die in Fremdsprache ihre Berichte verfassen und veröffentlichen an der Deutschen Börse verbieten!! Es gibt dann auch kein Mißverständnis bei der Übersetzung.
Wer will kann ja an der ausländischen Börse handeln.
mfg
JS
Was ist das nun wieder - über 60 Monate - 
"
The Board of Lynas Corporation Limited (Lynas) has agreed to accept the offer of an A$30,000,000 facility with US-based Investment fund YA Global Master SPV Ltd. (YA Global).
Under the term sheet, Lynas may, at its discretion, issue shares to YA Global at any time over the next 60 months, up to a total of A$30,000,000. The term sheet creates a binding agreement, subject to legal due diligence and definitive legal documentation.
Subject to certain pricing parameters, which include the ability for Lynas to set a minimum acceptable price, shares issued to YA Global will be priced at the lowest daily volume weighted average price (VWAP) of Lynas shares traded on each of the 10 trading days which follow an advance notice by Lynas. A commission of 4% is payable by Lynas on each advance at the time the advance is made.
"
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=435596
Trading Spotlight
Die Kundschaft stellt sich an!
http://stocknessmonster.com/news-history?S=LYC&E=ASX
LYC LYNAS CORPORATION LIMITED
January 2009
13th New Customer Agreement
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=434839
9th Update - Chinese Rare Earths Export Quota
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=434701
Corporate Office Telephone: +61 2 8259 7100
Level 7 Facsimile: +61 2 8259 7199
56 Pitt Street Website: www.lynascorp.com
Sydney NSW 2000 ACN: 009 066 648
AUSTRALIA
Page 1 of 2
13 January 2009
LYNAS SIGNS 6TH CUSTOMER AGREEMENT AND SATISFIES THE SENIOR LENDER’S REQUIREMENTS FOR CUSTOMER OFF-TAKE CONTRACTS
Key Points:
•
Lynas signs 6th customer agreement for Mount Weld Rare Earths project.
•
The Supply Contract includes production from Phase I of the Advanced Materials Plant in Malaysia as well as additional volume from the planned Phase II plant expansion.
•
Lynas has now secured sufficient off-take contracts to satisfy the condition precedent related to off-take contracts for draw down of the senior loan facility.
Lynas Corporation Limited (ASX: LYC) is pleased to announce the signing of the company’s sixth customer agreement for Mount Weld Rare Earths to be produced from the company’s Malaysian Advanced Materials Plant. A supply contract has been signed with a Rare Earths consumer who will purchase material from Phase I of the Advanced Materials Plant, which has a planned annual capacity of 10,500 tonnes Rare Earths Oxides (REO), plus additional volume from the planned Phase II expansion, which will increase the annual plant capacity to 21,000 tonnes REO.
The multiple-year contract supply contract covers a minimum tonnage of REO to be purchased and includes the potential to expand this volume as well as extend the the contract upon mutual agreement of both parties. The detailed terms of the supply contract are commercially confidential.
With this contract now signed, Bayerische Hypo- und Vereinsbank AG (HVB) has confirmed that the level of signed off-take contracts exceeds the current value required to satisfy the condition precedent related to off-take contracts for present drawdown of the US$105 million senior loan facility. The above confirmation satisfies an important condition precedent for release of the US$95 million bond monies from escrow.
The contracts signed to date are with industrial companies whom consume large quantities of Rare Earths, rather than with intermediate trading companies. The contracts are all for minimum fixed volumes which are reflected in the value of the contracts previously announced. Under the typical contractual provisions, Lynas delivery obligations commence upon actual start up of the Advanced Materials Plant in Malaysia.
Lynas’ Executive Chairman, Nicholas Curtis, said:
“Signing sufficient contracts which meet the current off-take requirements set out in the first half of 2008 by HVB and the bond holders is a very significant milestone for the company and the Rare Earths project.”
The company continues to be actively engaged with potential customers in Europe, Japan and the USA, and anticipates further customers announcements in the near future.
About Lynas Corporation
Lynas owns the richest deposit of Rare Earths, also known as Lanthanides, in the world at Mount Weld, near Laverton in Western Australia. This deposit underpins Lynas’ strategy to create a reliable, fully integrated source of Rare Earths supply from the mine through to customers in the global Rare Earths industry.
With the first mining campaign complete and all environmental approvals in place, Lynas has commenced construction of the Concentration Plant at Mount Weld, in Western Australia, as well as an Advanced Materials Plant to process the Mount Weld concentrate through to final Rare Earths carbonates and oxides in the Gebeng Industrial Estate, Kuantan, Pahang, Malaysia. The construction of these plans is progressing well and first production is scheduled in the fourth quarter of 2009. The company plans to become the benchmark for security of supply and a world leader in quality and environmental responsibility to an international customer base.
‘Rare Earths’ is the term given to fifteen metallic elements known as the lanthanide series, plus yttrium. They play a key role in green environmental products, from energy efficient compact fluorescent light bulbs (CFLs) to hybrid cars, automotive catalytic converters and wind turbine generators. They are also essential in the development and manufacturing of many modern technological products, from hard disc drives to flat panel displays, iPods and magnetic resonance imaging (MRI) scans.
For further information please contact Nicholas Curtis on +61 (0)2 8259 7100 or visit www.lynascorp.com
Page 2 of 2
Gruß JoJo
http://stocknessmonster.com/news-history?S=LYC&E=ASX
LYC LYNAS CORPORATION LIMITED
January 2009
13th New Customer Agreement
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=434839
9th Update - Chinese Rare Earths Export Quota
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=434701
Corporate Office Telephone: +61 2 8259 7100
Level 7 Facsimile: +61 2 8259 7199
56 Pitt Street Website: www.lynascorp.com
Sydney NSW 2000 ACN: 009 066 648
AUSTRALIA
Page 1 of 2
13 January 2009
LYNAS SIGNS 6TH CUSTOMER AGREEMENT AND SATISFIES THE SENIOR LENDER’S REQUIREMENTS FOR CUSTOMER OFF-TAKE CONTRACTS
Key Points:
•
Lynas signs 6th customer agreement for Mount Weld Rare Earths project.
•
The Supply Contract includes production from Phase I of the Advanced Materials Plant in Malaysia as well as additional volume from the planned Phase II plant expansion.
•
Lynas has now secured sufficient off-take contracts to satisfy the condition precedent related to off-take contracts for draw down of the senior loan facility.
Lynas Corporation Limited (ASX: LYC) is pleased to announce the signing of the company’s sixth customer agreement for Mount Weld Rare Earths to be produced from the company’s Malaysian Advanced Materials Plant. A supply contract has been signed with a Rare Earths consumer who will purchase material from Phase I of the Advanced Materials Plant, which has a planned annual capacity of 10,500 tonnes Rare Earths Oxides (REO), plus additional volume from the planned Phase II expansion, which will increase the annual plant capacity to 21,000 tonnes REO.
The multiple-year contract supply contract covers a minimum tonnage of REO to be purchased and includes the potential to expand this volume as well as extend the the contract upon mutual agreement of both parties. The detailed terms of the supply contract are commercially confidential.
With this contract now signed, Bayerische Hypo- und Vereinsbank AG (HVB) has confirmed that the level of signed off-take contracts exceeds the current value required to satisfy the condition precedent related to off-take contracts for present drawdown of the US$105 million senior loan facility. The above confirmation satisfies an important condition precedent for release of the US$95 million bond monies from escrow.
The contracts signed to date are with industrial companies whom consume large quantities of Rare Earths, rather than with intermediate trading companies. The contracts are all for minimum fixed volumes which are reflected in the value of the contracts previously announced. Under the typical contractual provisions, Lynas delivery obligations commence upon actual start up of the Advanced Materials Plant in Malaysia.
Lynas’ Executive Chairman, Nicholas Curtis, said:
“Signing sufficient contracts which meet the current off-take requirements set out in the first half of 2008 by HVB and the bond holders is a very significant milestone for the company and the Rare Earths project.”
The company continues to be actively engaged with potential customers in Europe, Japan and the USA, and anticipates further customers announcements in the near future.
About Lynas Corporation
Lynas owns the richest deposit of Rare Earths, also known as Lanthanides, in the world at Mount Weld, near Laverton in Western Australia. This deposit underpins Lynas’ strategy to create a reliable, fully integrated source of Rare Earths supply from the mine through to customers in the global Rare Earths industry.
With the first mining campaign complete and all environmental approvals in place, Lynas has commenced construction of the Concentration Plant at Mount Weld, in Western Australia, as well as an Advanced Materials Plant to process the Mount Weld concentrate through to final Rare Earths carbonates and oxides in the Gebeng Industrial Estate, Kuantan, Pahang, Malaysia. The construction of these plans is progressing well and first production is scheduled in the fourth quarter of 2009. The company plans to become the benchmark for security of supply and a world leader in quality and environmental responsibility to an international customer base.
‘Rare Earths’ is the term given to fifteen metallic elements known as the lanthanide series, plus yttrium. They play a key role in green environmental products, from energy efficient compact fluorescent light bulbs (CFLs) to hybrid cars, automotive catalytic converters and wind turbine generators. They are also essential in the development and manufacturing of many modern technological products, from hard disc drives to flat panel displays, iPods and magnetic resonance imaging (MRI) scans.
For further information please contact Nicholas Curtis on +61 (0)2 8259 7100 or visit www.lynascorp.com
Page 2 of 2
Gruß JoJo
http://www.buysellsignals.com/BuySellSignals/com/bst/mkt/sto…
LYNAS CORPORATION LIMITED (LYC)
Stock Report
12 January, 2009 (16:00:00 AEST)
Lynas Corporation slides 5.1% on firm volume, in significant downtrend January 12, 2009 16:00:00 AEST
Lynas Corporation (LYC.AU) slid 1.50c (or 5.1%) to 28.0c. Compared with the All Ordinaries index which fell 56.4 points (or 1.5%) on the day, this represented a relative price change of -3.6%.
TECHNICAL ANALYSIS
Significant Downtrend
Price Volume Trend: The price crashed 15.2% in the last week and 20.0% in the last month. This has been exacerbated by firm volume of 1.3 times average for the week and 1.6 times average for the month. In the last three months the number of falls outnumbered rises 32:24 or 1.33:1.
Relativities: Compared with the All Ordinaries index which fell 0.4% for the week, this represented a relative price decrease of 14.7% for the week. Today its percentile rank in the Australian market was 16. In the Australian market of 1,793 stocks, the stock has a 6-month relative strength of 9 indicating it is trailing 91.0% of the market.
Moving Average Price (MAP): In the past 200 days this ratio has been under 0.31 25 times suggesting further downside. The stock is trading below both its MAPs and the 50-day MAP of 33.54c is lower than the 200-day MAP of 91.16c, a bearish indicator. The 200-day MAP has decreased to 91.16c. A decrease is another bearish indicator.
Spotting the Top or Distribution: The price was down on higher volume today. There have been four such events of Distribution in the last three weeks. Combined with the fact that today's close of 28.0c was lower than today's mid-bounce price [average of price high and price low] of 28.2 is a bearish signal.
Breakdown: In the last three months the stock has hit a new 52-week low ten times, pointing to a significant downtrend. The bears are maintaining control with price open, high, low and close being below yesterday's levels.
Support: The support price is hovering at the 14.50c level. Volume traded at the support price zone was 5.2 time average during the single occasion when the support price was breached. In the last one month the first low was at 14.50c on Dec 24.
Resistance: Previous rallies have been met with resistance at 37.50c. However, selling pressure at that level has been weak; volume was 0.8 times average during the three occasions when the resistance price was breached in the last one month. In the last one month the highest was at 37.50c on Dec 15, the second highest at 37.50c on Dec 17. The third advance halted at 37.50c on Dec 16.
PRICE VOLUME DYNAMICS
Volatility: The stock traded between an intraday high of 29.50c and a six-day low of 27.0c.
Moving Average Price (MAP): The price to 200-day MAP ratio is 0.31, a bearish indicator.
Volume: There were 3,370,975 shares worth $937,217 traded. The volume was 1.2 times average trading of 2,910,129 shares.
Volume Weighted Price (VWP): The price is at a premium of 0.7% to the 1-month volume weighted average price (VWP) of 27.81c. Given that this premium has exceeded 0.7% one hundred six times and been under 0.7% four times in the last year, the upside:downside probability is estimated at 106:4 or 26.5:1.
Beta is 2.8.
PRICE PERFORMANCE RANK IN INDEX AND SECTORS
The stock is in 1 index and 5 sectors.
The following index and sectors fell setting the trend for its fall of 5.1% (rank by percentage price change of stock for 1 day;6 months in sector/index in brackets):
Diversified Metals & Mining sector (rank 74;81 out of 120) which was down 191.2 points or 3.3% to 5,564.9,
All Ordinaries index which was down 56.4 points or 1.5% to 3,624.0,
Total Australian Market (rank 900;979 out of 1793) which was down 49.8 points or 1.2% to 4,144.0
RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTAL ANALYSIS
Bullish Signals:
- Price/Sales of 5.06 versus sector average of 31.2 and market average of 31.2.
- The Price to Book of 0.2 lower than average of 4.3 for the Total Australian Market.
Bearish Signals:
- Return on Equity of -9.7% versus sector average of 43.8 and market average of 21.9.
- Return on Assets of -6.2% versus sector average of 20.7 and market average of 8.5.
RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS
Bearish Signals:
- The price crashed 15.2% in the last week and 20.0% in the last month.
- This has been exacerbated by firm volume of 1.3 times average for the week and 1.6 times average for the month.
- Compared with the All Ordinaries index which fell 0.4% for the week, this represented a relative price decrease of 14.7% for the week.
- In the Australian market of 1,793 stocks, the stock has a 6-month relative strength of 9 indicating it is trailing 91.0% of the market.
- The stock is trading below both its MAPs and the 50-day MAP of 33.54c is lower than the 200-day MAP of 91.16c.
- The 200-day MAP has decreased to 91.16c.
- In the last three months the stock has hit a new 52-week low ten times, pointing to a significant downtrend.
SHAREHOLDER RETURNS
Trailing One Week: The stock fell three times (60% of the time), was unchanged once (20% of the time) and rose once (20% of the time). The volume was 1.3 times average trading of 14,550,645 shares. The value of $1,000 [vs $996 for the All Ordinaries index] invested a week ago is unchanged.
Trailing One Month: The stock fell nine times (50% of the time), rose five times (28% of the time) and was unchanged four times (22% of the time). The volume was 1.6 times average trading of 64,022,838 shares. The value of $1,000 invested a month ago is $800 [vs $1,051 for the All Ordinaries index], for a capital loss of $200.
Trailing One Year: The value of $1,000 invested one year ago is $248 [vs $627 for the All Ordinaries index], for a capital loss of $752. The total return to shareholders for 1 year is -75.2%.
Trailing Five Years: The value of $1,000 invested five years ago is $589, for a capital loss of $411.
FINANCIALS
Annual Report for the year ended June 30, 2008 (year-on-year comparisons with previous corresponding period)-
Favourable Changes: total revenue up 112.97% to $A8.1m ($US7.8m); current ratio up 66.34% to 19.2; NTA per share up 350.11% to $A1.5 ($US1.5); total number of shares outstanding down 43.06% to 145,902,000.
Unfavourable Changes: loss of $A21.5m ($US20.6m); EPS deterioration 144.97% to $A-0.04 (US-3.51c); EBIT loss of $A16.5m ($US15.8m); losses in all of the last 5 years; total liabilities to total assets up 447.25% to 0.4; operating cash flow is negative.
Major Common Size Ratios: total current assets to total assets down from 72.16% to 71.1%; cash to total assets down from 69.43% to 41.81%; total non current assets to total assets up from 27.84% to 28.9%; fixed assets to total assets up from 6.82% to 11.98%; current inventory to total assets at 5.6%; interest expenses to revenues up from 58.23% to 62.05%; depreciation to revenues down from 3.96% to 3.64%; EBITD to Revenues down from -101.32% to -200.3%; EBIT to Revenues down from -105.27% to -203.94%; profit before tax to revenues down from -163.5% to -265.99%.
FUNDAMENTALS
P/S: The price/sales ratio is 5.1.
Price to Cash: The price to cash backing per share is 0.2.
ISSUED CAPITAL
Based on 654,799,093 issued shares the market capitalisation is $183 million.
ACTIVITIES
Lynas Corporation Limited is a mineral exploration company operating mainly in Australia. The Company.s activities are focused primarily on the exploration and development of rare earths deposits and exploration for other mineral resources. Lynas Corporation Limited is also engaged in the planning, design and construction of a concentration plant and advanced materials processing plant.
TOP MANAGEMENT
The Chief Financial Officer is Gerry Taylor.
REPORTED SELLING
Reported Selling:
May 01: LYNAS CORPORATION SUBSTANTIAL SHAREHOLDER SELLS
Lynas Corporation (LYC) substantial shareholder Goldman Sachs Group sold 2,278,551 shares worth approximately $3 million between June 12, 2007 and January 24, 2008. Goldman Sachs Group previously held 39,301,926 shares (or 7.8%) and now holds 41,580,477 shares (or 6.4%). The last price was $1.26.
BUSINESS NEWS ROUND UP
The last 5 snippets from News Bites were:
December 05: Lynas appoints CFO
Lynas has appointed Gerry Taylor as the CEO and a member of Lyna executive committee. Mr.Taylor has international experience across a range of industries such as The Rose Property Group and The Baulderstone Hornibrook Group. Following Mr.Taylor's commencement in mid-January, Matthew James will cease his role as the acting CEO, but will continue as the company's vice president.
October 07: Lynas secures fifth Mt Weld customer
Lynas Corporation Ltd has signed a fifth customer for Mount Weld rare earths to be produced from the company's Malaysian advanced materials plant.The latest customer, a major rare earths consumer, intends to purchase significant tonnages from phase 1, as well as additional volume from the planned phase 2 expansion.
September 17: Lynas Corp rare earths project on time and within budget
Lynas Corporation Ltd says it expects its Mount Weld rare earths project near Laverton in Western Australia to be completed on schedule in the fourth quarter of 2009 and within the original $70 million budget.The company said its share price fall predominantly reflected financial market volatility, which was affecting resource stocks, particularly those in project development.The company says it will award the construction contract to Abesque Engineering & Construction of Western Australia within its $40 million capital cost budget.Lynas has $144.7 million in cash, $US105 million ($A131 million) in a senior facility agreement with Bayerische Hypo-und Vereinsbank AG and $US95 million in a convertible note facility.
August 21: Lynas director buys 1.5m shares
Lynas Corporation Ltd director Nicholas Anthony Curtis bought 1,500,000 shares worth $1,631,000 off-market on August 20.
July 26: JPMorgan sells 1.6m Lynas shares
JPMorgan Chase bought 2,744,888 Lynas Corporation shares and sold 4,362,687 shares for a net sale of 1,617,799 shares for $1,885,517 between February 4 and July 21, decreasing from 39,740,988 shares (6.97%) to 38,123,189 shares (5.88%).
Currency Conversion: Australian Dollar AUD 1 = US$ 0.7031 [or US$1=AUD 1.42]; Against the US$ the AUD weakened 18.46 basis points (or 0.2%) for the day; dropped 1.9% for the week; climbed 3.8% for the month; slumped 9.3% in the past year. $ 1 = 100c.
Source: www.BuySellSignals.com
Gruß JoJo
LYNAS CORPORATION LIMITED (LYC)
Stock Report
12 January, 2009 (16:00:00 AEST)
Lynas Corporation slides 5.1% on firm volume, in significant downtrend January 12, 2009 16:00:00 AEST
Lynas Corporation (LYC.AU) slid 1.50c (or 5.1%) to 28.0c. Compared with the All Ordinaries index which fell 56.4 points (or 1.5%) on the day, this represented a relative price change of -3.6%.
TECHNICAL ANALYSIS
Significant Downtrend
Price Volume Trend: The price crashed 15.2% in the last week and 20.0% in the last month. This has been exacerbated by firm volume of 1.3 times average for the week and 1.6 times average for the month. In the last three months the number of falls outnumbered rises 32:24 or 1.33:1.
Relativities: Compared with the All Ordinaries index which fell 0.4% for the week, this represented a relative price decrease of 14.7% for the week. Today its percentile rank in the Australian market was 16. In the Australian market of 1,793 stocks, the stock has a 6-month relative strength of 9 indicating it is trailing 91.0% of the market.
Moving Average Price (MAP): In the past 200 days this ratio has been under 0.31 25 times suggesting further downside. The stock is trading below both its MAPs and the 50-day MAP of 33.54c is lower than the 200-day MAP of 91.16c, a bearish indicator. The 200-day MAP has decreased to 91.16c. A decrease is another bearish indicator.
Spotting the Top or Distribution: The price was down on higher volume today. There have been four such events of Distribution in the last three weeks. Combined with the fact that today's close of 28.0c was lower than today's mid-bounce price [average of price high and price low] of 28.2 is a bearish signal.
Breakdown: In the last three months the stock has hit a new 52-week low ten times, pointing to a significant downtrend. The bears are maintaining control with price open, high, low and close being below yesterday's levels.
Support: The support price is hovering at the 14.50c level. Volume traded at the support price zone was 5.2 time average during the single occasion when the support price was breached. In the last one month the first low was at 14.50c on Dec 24.
Resistance: Previous rallies have been met with resistance at 37.50c. However, selling pressure at that level has been weak; volume was 0.8 times average during the three occasions when the resistance price was breached in the last one month. In the last one month the highest was at 37.50c on Dec 15, the second highest at 37.50c on Dec 17. The third advance halted at 37.50c on Dec 16.
PRICE VOLUME DYNAMICS
Volatility: The stock traded between an intraday high of 29.50c and a six-day low of 27.0c.
Moving Average Price (MAP): The price to 200-day MAP ratio is 0.31, a bearish indicator.
Volume: There were 3,370,975 shares worth $937,217 traded. The volume was 1.2 times average trading of 2,910,129 shares.
Volume Weighted Price (VWP): The price is at a premium of 0.7% to the 1-month volume weighted average price (VWP) of 27.81c. Given that this premium has exceeded 0.7% one hundred six times and been under 0.7% four times in the last year, the upside:downside probability is estimated at 106:4 or 26.5:1.
Beta is 2.8.
PRICE PERFORMANCE RANK IN INDEX AND SECTORS
The stock is in 1 index and 5 sectors.
The following index and sectors fell setting the trend for its fall of 5.1% (rank by percentage price change of stock for 1 day;6 months in sector/index in brackets):
Diversified Metals & Mining sector (rank 74;81 out of 120) which was down 191.2 points or 3.3% to 5,564.9,
All Ordinaries index which was down 56.4 points or 1.5% to 3,624.0,
Total Australian Market (rank 900;979 out of 1793) which was down 49.8 points or 1.2% to 4,144.0
RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTAL ANALYSIS
Bullish Signals:
- Price/Sales of 5.06 versus sector average of 31.2 and market average of 31.2.
- The Price to Book of 0.2 lower than average of 4.3 for the Total Australian Market.
Bearish Signals:
- Return on Equity of -9.7% versus sector average of 43.8 and market average of 21.9.
- Return on Assets of -6.2% versus sector average of 20.7 and market average of 8.5.
RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS
Bearish Signals:
- The price crashed 15.2% in the last week and 20.0% in the last month.
- This has been exacerbated by firm volume of 1.3 times average for the week and 1.6 times average for the month.
- Compared with the All Ordinaries index which fell 0.4% for the week, this represented a relative price decrease of 14.7% for the week.
- In the Australian market of 1,793 stocks, the stock has a 6-month relative strength of 9 indicating it is trailing 91.0% of the market.
- The stock is trading below both its MAPs and the 50-day MAP of 33.54c is lower than the 200-day MAP of 91.16c.
- The 200-day MAP has decreased to 91.16c.
- In the last three months the stock has hit a new 52-week low ten times, pointing to a significant downtrend.
SHAREHOLDER RETURNS
Trailing One Week: The stock fell three times (60% of the time), was unchanged once (20% of the time) and rose once (20% of the time). The volume was 1.3 times average trading of 14,550,645 shares. The value of $1,000 [vs $996 for the All Ordinaries index] invested a week ago is unchanged.
Trailing One Month: The stock fell nine times (50% of the time), rose five times (28% of the time) and was unchanged four times (22% of the time). The volume was 1.6 times average trading of 64,022,838 shares. The value of $1,000 invested a month ago is $800 [vs $1,051 for the All Ordinaries index], for a capital loss of $200.
Trailing One Year: The value of $1,000 invested one year ago is $248 [vs $627 for the All Ordinaries index], for a capital loss of $752. The total return to shareholders for 1 year is -75.2%.
Trailing Five Years: The value of $1,000 invested five years ago is $589, for a capital loss of $411.
FINANCIALS
Annual Report for the year ended June 30, 2008 (year-on-year comparisons with previous corresponding period)-
Favourable Changes: total revenue up 112.97% to $A8.1m ($US7.8m); current ratio up 66.34% to 19.2; NTA per share up 350.11% to $A1.5 ($US1.5); total number of shares outstanding down 43.06% to 145,902,000.
Unfavourable Changes: loss of $A21.5m ($US20.6m); EPS deterioration 144.97% to $A-0.04 (US-3.51c); EBIT loss of $A16.5m ($US15.8m); losses in all of the last 5 years; total liabilities to total assets up 447.25% to 0.4; operating cash flow is negative.
Major Common Size Ratios: total current assets to total assets down from 72.16% to 71.1%; cash to total assets down from 69.43% to 41.81%; total non current assets to total assets up from 27.84% to 28.9%; fixed assets to total assets up from 6.82% to 11.98%; current inventory to total assets at 5.6%; interest expenses to revenues up from 58.23% to 62.05%; depreciation to revenues down from 3.96% to 3.64%; EBITD to Revenues down from -101.32% to -200.3%; EBIT to Revenues down from -105.27% to -203.94%; profit before tax to revenues down from -163.5% to -265.99%.
FUNDAMENTALS
P/S: The price/sales ratio is 5.1.
Price to Cash: The price to cash backing per share is 0.2.
ISSUED CAPITAL
Based on 654,799,093 issued shares the market capitalisation is $183 million.
ACTIVITIES
Lynas Corporation Limited is a mineral exploration company operating mainly in Australia. The Company.s activities are focused primarily on the exploration and development of rare earths deposits and exploration for other mineral resources. Lynas Corporation Limited is also engaged in the planning, design and construction of a concentration plant and advanced materials processing plant.
TOP MANAGEMENT
The Chief Financial Officer is Gerry Taylor.
REPORTED SELLING
Reported Selling:
May 01: LYNAS CORPORATION SUBSTANTIAL SHAREHOLDER SELLS
Lynas Corporation (LYC) substantial shareholder Goldman Sachs Group sold 2,278,551 shares worth approximately $3 million between June 12, 2007 and January 24, 2008. Goldman Sachs Group previously held 39,301,926 shares (or 7.8%) and now holds 41,580,477 shares (or 6.4%). The last price was $1.26.
BUSINESS NEWS ROUND UP
The last 5 snippets from News Bites were:
December 05: Lynas appoints CFO
Lynas has appointed Gerry Taylor as the CEO and a member of Lyna executive committee. Mr.Taylor has international experience across a range of industries such as The Rose Property Group and The Baulderstone Hornibrook Group. Following Mr.Taylor's commencement in mid-January, Matthew James will cease his role as the acting CEO, but will continue as the company's vice president.
October 07: Lynas secures fifth Mt Weld customer
Lynas Corporation Ltd has signed a fifth customer for Mount Weld rare earths to be produced from the company's Malaysian advanced materials plant.The latest customer, a major rare earths consumer, intends to purchase significant tonnages from phase 1, as well as additional volume from the planned phase 2 expansion.
September 17: Lynas Corp rare earths project on time and within budget
Lynas Corporation Ltd says it expects its Mount Weld rare earths project near Laverton in Western Australia to be completed on schedule in the fourth quarter of 2009 and within the original $70 million budget.The company said its share price fall predominantly reflected financial market volatility, which was affecting resource stocks, particularly those in project development.The company says it will award the construction contract to Abesque Engineering & Construction of Western Australia within its $40 million capital cost budget.Lynas has $144.7 million in cash, $US105 million ($A131 million) in a senior facility agreement with Bayerische Hypo-und Vereinsbank AG and $US95 million in a convertible note facility.
August 21: Lynas director buys 1.5m shares
Lynas Corporation Ltd director Nicholas Anthony Curtis bought 1,500,000 shares worth $1,631,000 off-market on August 20.
July 26: JPMorgan sells 1.6m Lynas shares
JPMorgan Chase bought 2,744,888 Lynas Corporation shares and sold 4,362,687 shares for a net sale of 1,617,799 shares for $1,885,517 between February 4 and July 21, decreasing from 39,740,988 shares (6.97%) to 38,123,189 shares (5.88%).
Currency Conversion: Australian Dollar AUD 1 = US$ 0.7031 [or US$1=AUD 1.42]; Against the US$ the AUD weakened 18.46 basis points (or 0.2%) for the day; dropped 1.9% for the week; climbed 3.8% for the month; slumped 9.3% in the past year. $ 1 = 100c.
Source: www.BuySellSignals.com
Gruß JoJo
9. Januar 2009
CHINA senkt die Exportquote von "seltenen Erden" für 2009
http://stocknessmonster.com/news-history?S=LYC&E=ASX
LYC LYNAS CORPORATION LIMITED
January 2009
9th Update - Chinese Rare Earths Export Quota
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=434701
http://www.asx.com.au/asx/research/CompanyInfoSearchResults.…
http://www.lynascorp.com/applicationList.asp?category_id=1&p…
http://www.lynascorp.com/applicationList.asp?category_id=1&p…
Improving Energy Efficiency
Increased population and economic growth leads to greater demand of the world’s energy, which means increased use of our limited fossil fuel reserves. Rare Earths are already playing a vital role in conservation of these reserves, and are likely to play an even larger role in taking us forward to the hydrogen economy.
The world’s fossil fuels are limited, however with the billions of dollars invested in the global oil and gas infrastructure it is important we use these reserves efficiently.
Rare Earths are supporting the uptake of energy efficient initiatives through their unique physical and chemical properties, which allow them to; protect the environment by lowering energy consumption; and improve lifestyles through energy efficient alternatives that save money without sacrificing comfort and reliability.
http://www.lynascorp.com/page.asp?category_id=1&page_id=2
Where do they come from?
Rare Earths are not found as free metals in the earth’s crust, rather within a mixed ‘cocktail’ of Rare Earth elements that need to be separated for their individual or combined commercial use. Despite their name, Rare Earths are relatively abundant in the earths crust, however are often of low quality and rarely presented in economic concentration.
China currently supplies approximately 95% of the global Rare Earths market. More than 70% of the supply of light Rare Earths are supplied from one mine in China. Mt Weld, with its very high grade contains light Rare Earths and is also high in Europium, a heavy Rare Earth. Mt Weld is currently the only commercially viable resource of significant size outside of China.
http://www.lynascorp.com/page.asp?category_id=1&page_id=1
What are they?
Rare Earths are a moderately abundant group of 15 metallic elements known as the Lanthanide series (atomic numbers 57 through to 71) plus Yttrium (39). Although Scandium (atomic number 21) is not a Rare Earth element, it is commonly included with the Lanthanides because of its similar properties.
The 15 lanthanides are represented by the single square of lanthanum in the main part of the periodic table and listed in a separate sub group below the main groupings.
They range in crustal abundance from cerium, the most abundant, at 60 parts per million, which is in fact more abundant than nickel or copper, to thulium and lutetium, the least abundant Rare Earth element at about 0.5 parts per million.
http://www.lynascorp.com/page.asp?category_id=1&page_id=25
What are their prices?
The first point to note about Rare Earths prices is that there is significant variance in the relative market value for selected Rare Earths oxides. Secondly, the price of Rare Earths depends on the purity level, which is largely set by the specifications for each application.
The table below shows the average annual price for a 'standard' 99% purity of individual elements and for the generic composite of Rare Earths equivalent to the Rare Earths distribution at Mt Weld. Prices are quoted in US$/kg on an FOB China basis. Note that higher purity oxides and other value added properties will attract higher prices than those shown.
...
und viles mehr findet ihr auf der Homepage von http://www.lynascorp.com/
http://www.lynascorp.com/category.asp?category_id=2
Foundations for the Future
Lynas has a strategy of creating a reliable, fully integrated source of supply from mine through to customers, and to become the benchmark for security of supply and environmental standards in the global Rare Earths industry.
Lynas owns the richest deposit of Rare Earths in the world at Mt Weld, 35km south of Laverton in Western Australia. A feasibility study has been completed on the Rare Earths deposit and all Australian approvals required for project development have been received.
Over the last year Lynas has observed a trend in Chinese Government policy decisions which is leading to an increase in Government control of the Rare Earths industry in China and the tightening of supply due to the imposition of mining production quotas, and the reduction and restrictions on trading of the existing export quota. These policy decisions have followed the removal of VAT rebates for exports of Rare Earths oxides and an increased enforcement of China's stringent environmental standards which resulted in the closure of non-compliant Rare Earths plants.
Shortly after the introduction of production quotas in China the company determined it was prudent to investigate potential sites other than China that would be suitable for the company's proposed processing plant for Mt Weld ore. The drivers for this decision were the:
Increasing Government control of the Rare Earths industry in China, thereby increasing the project risk for our plant
Escalating operating costs in China due to the Government policies noted above, and also inflation affecting cost of reagents, utilities and labour
Favourable tax environments available in alternative countries
Opportunity to reduce cost base denominated in Renminbi, and thereby benefit from a strengthening Chinese currency
The first stage was to relocate the concentration plant from China back to Mount Weld, and the next phase was to develop an Advanced Materials Plant to process the concentrate through to the final product.
Following a detailed evaluation of several possible sites, Kuantan, in the state of Pahang, Malaysia, was chosen for its favourable investment climate, the high quality workforce, the excellent infrastructure servicing the proposed site and the readily available reagents used by the Plant.
Lynas has been granted the “strategic pioneer status” by the Malaysian Industrial Development Association (MIDA), which has a number of associated benefits including a 12 year tax free period.
Kuantan offers a highly skilled and educated labour force with experience in the chemical industry and a key benefit is also their English proficiency.
The state has a robust and first-class transport network, comprehensive communications networks and reliable supply of natural gas, electricity and water at competitive prices. Kuantan has excellent port facilities for handling bulk liquid chemicals and containers to accommodate the transport of. Mount Weld concentrates to Gebeng in sealed containers.
Of significant advantage for the Gebeng Industrial Estate site is the fact that manufacturers of key reagents required for the process (lime, sulfuric acid, and hydrochloric acid) are already established in close proximity to the proposed plant site.
Lynas has received the environmental and municipal approvals from the Malaysian authorities and has commenced construction of the Advanced Materials Plant in the Gebeng Industrial Area in Kuantan.
Learn more about Mt Weld
http://www.lynascorp.com/page.asp?category_id=2&page_id=3
Learn more about the current status of the project
http://www.lynascorp.com/page.asp?category_id=2&page_id=39
http://www.lynascorp.com/page.asp?category_id=2&page_id=5
Crown Polymetallic Resource
As well as Rare Earths, the Mt Weld carbonatite is host to potentially economic deposits of niobium, tantalum, zirconium, and titanium, collectively termed polymetallic by Lynas.
A number of drilling programs have been conducted aimed specifically at the Crown Polymetallic deposit and its niobium and tantalum resource definition. A scoping study has identified an open pit mine followed by a conceptual process route, based on existing technology, located in China to produce the Polymetallic product suite.
Dr Phillip Hellman of Hellman & Schofield Pty Ltd, Sydney, completed the multi-metal geostatistical resource estimation study.
The Indicated and Inferred Resources estimated for the Polymetallic Crown deposit total 37.7 million tonnes with an average ore composition as presented in the table below. The majority of the ore lies between 30m and 60m in depth, suitable for open pit mining.
A large proportion of the value in the resource is in the niobium which has an average grade 1.07% Nb2O5 (niobium oxide). Taking into account the credits for the other Rare Metals and by-products the equivalent niobium oxide mine grade is 2.1%.
Polymetallic mineral Resources for Coors and Crown Sectors, Mt Weld
... siehe Tab. (Link)
...
Mt = million tonnes, other figures are percentages. Ta2O5 tantalum oxide, Nb2O5 niobium oxide, TLnO rare earth oxide, ZrO2 zirconia, Fe2O3 iron oxide, P2O5 phosphate, Y2O3 yttria, Al2O3 alumina, TiO2 titanium oxide
Given the size of the resource and the economic and technical strength of the scoping study, the next step for the Polymetallic Crown deposit is commencement of a feasibility study. This will be deferred until after the development of the Rare Earths project.
Grüsse JoJo
CHINA senkt die Exportquote von "seltenen Erden" für 2009
http://stocknessmonster.com/news-history?S=LYC&E=ASX
LYC LYNAS CORPORATION LIMITED
January 2009
9th Update - Chinese Rare Earths Export Quota
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=434701
http://www.asx.com.au/asx/research/CompanyInfoSearchResults.…
http://www.lynascorp.com/applicationList.asp?category_id=1&p…
http://www.lynascorp.com/applicationList.asp?category_id=1&p…
Improving Energy Efficiency
Increased population and economic growth leads to greater demand of the world’s energy, which means increased use of our limited fossil fuel reserves. Rare Earths are already playing a vital role in conservation of these reserves, and are likely to play an even larger role in taking us forward to the hydrogen economy.
The world’s fossil fuels are limited, however with the billions of dollars invested in the global oil and gas infrastructure it is important we use these reserves efficiently.
Rare Earths are supporting the uptake of energy efficient initiatives through their unique physical and chemical properties, which allow them to; protect the environment by lowering energy consumption; and improve lifestyles through energy efficient alternatives that save money without sacrificing comfort and reliability.
http://www.lynascorp.com/page.asp?category_id=1&page_id=2
Where do they come from?
Rare Earths are not found as free metals in the earth’s crust, rather within a mixed ‘cocktail’ of Rare Earth elements that need to be separated for their individual or combined commercial use. Despite their name, Rare Earths are relatively abundant in the earths crust, however are often of low quality and rarely presented in economic concentration.
China currently supplies approximately 95% of the global Rare Earths market. More than 70% of the supply of light Rare Earths are supplied from one mine in China. Mt Weld, with its very high grade contains light Rare Earths and is also high in Europium, a heavy Rare Earth. Mt Weld is currently the only commercially viable resource of significant size outside of China.
http://www.lynascorp.com/page.asp?category_id=1&page_id=1
What are they?
Rare Earths are a moderately abundant group of 15 metallic elements known as the Lanthanide series (atomic numbers 57 through to 71) plus Yttrium (39). Although Scandium (atomic number 21) is not a Rare Earth element, it is commonly included with the Lanthanides because of its similar properties.
The 15 lanthanides are represented by the single square of lanthanum in the main part of the periodic table and listed in a separate sub group below the main groupings.
They range in crustal abundance from cerium, the most abundant, at 60 parts per million, which is in fact more abundant than nickel or copper, to thulium and lutetium, the least abundant Rare Earth element at about 0.5 parts per million.
http://www.lynascorp.com/page.asp?category_id=1&page_id=25
What are their prices?
The first point to note about Rare Earths prices is that there is significant variance in the relative market value for selected Rare Earths oxides. Secondly, the price of Rare Earths depends on the purity level, which is largely set by the specifications for each application.
The table below shows the average annual price for a 'standard' 99% purity of individual elements and for the generic composite of Rare Earths equivalent to the Rare Earths distribution at Mt Weld. Prices are quoted in US$/kg on an FOB China basis. Note that higher purity oxides and other value added properties will attract higher prices than those shown.
...
und viles mehr findet ihr auf der Homepage von http://www.lynascorp.com/
http://www.lynascorp.com/category.asp?category_id=2
Foundations for the Future
Lynas has a strategy of creating a reliable, fully integrated source of supply from mine through to customers, and to become the benchmark for security of supply and environmental standards in the global Rare Earths industry.
Lynas owns the richest deposit of Rare Earths in the world at Mt Weld, 35km south of Laverton in Western Australia. A feasibility study has been completed on the Rare Earths deposit and all Australian approvals required for project development have been received.
Over the last year Lynas has observed a trend in Chinese Government policy decisions which is leading to an increase in Government control of the Rare Earths industry in China and the tightening of supply due to the imposition of mining production quotas, and the reduction and restrictions on trading of the existing export quota. These policy decisions have followed the removal of VAT rebates for exports of Rare Earths oxides and an increased enforcement of China's stringent environmental standards which resulted in the closure of non-compliant Rare Earths plants.
Shortly after the introduction of production quotas in China the company determined it was prudent to investigate potential sites other than China that would be suitable for the company's proposed processing plant for Mt Weld ore. The drivers for this decision were the:
Increasing Government control of the Rare Earths industry in China, thereby increasing the project risk for our plant
Escalating operating costs in China due to the Government policies noted above, and also inflation affecting cost of reagents, utilities and labour
Favourable tax environments available in alternative countries
Opportunity to reduce cost base denominated in Renminbi, and thereby benefit from a strengthening Chinese currency
The first stage was to relocate the concentration plant from China back to Mount Weld, and the next phase was to develop an Advanced Materials Plant to process the concentrate through to the final product.
Following a detailed evaluation of several possible sites, Kuantan, in the state of Pahang, Malaysia, was chosen for its favourable investment climate, the high quality workforce, the excellent infrastructure servicing the proposed site and the readily available reagents used by the Plant.
Lynas has been granted the “strategic pioneer status” by the Malaysian Industrial Development Association (MIDA), which has a number of associated benefits including a 12 year tax free period.
Kuantan offers a highly skilled and educated labour force with experience in the chemical industry and a key benefit is also their English proficiency.
The state has a robust and first-class transport network, comprehensive communications networks and reliable supply of natural gas, electricity and water at competitive prices. Kuantan has excellent port facilities for handling bulk liquid chemicals and containers to accommodate the transport of. Mount Weld concentrates to Gebeng in sealed containers.
Of significant advantage for the Gebeng Industrial Estate site is the fact that manufacturers of key reagents required for the process (lime, sulfuric acid, and hydrochloric acid) are already established in close proximity to the proposed plant site.
Lynas has received the environmental and municipal approvals from the Malaysian authorities and has commenced construction of the Advanced Materials Plant in the Gebeng Industrial Area in Kuantan.
Learn more about Mt Weld
http://www.lynascorp.com/page.asp?category_id=2&page_id=3
Learn more about the current status of the project
http://www.lynascorp.com/page.asp?category_id=2&page_id=39
http://www.lynascorp.com/page.asp?category_id=2&page_id=5
Crown Polymetallic Resource
As well as Rare Earths, the Mt Weld carbonatite is host to potentially economic deposits of niobium, tantalum, zirconium, and titanium, collectively termed polymetallic by Lynas.
A number of drilling programs have been conducted aimed specifically at the Crown Polymetallic deposit and its niobium and tantalum resource definition. A scoping study has identified an open pit mine followed by a conceptual process route, based on existing technology, located in China to produce the Polymetallic product suite.
Dr Phillip Hellman of Hellman & Schofield Pty Ltd, Sydney, completed the multi-metal geostatistical resource estimation study.
The Indicated and Inferred Resources estimated for the Polymetallic Crown deposit total 37.7 million tonnes with an average ore composition as presented in the table below. The majority of the ore lies between 30m and 60m in depth, suitable for open pit mining.
A large proportion of the value in the resource is in the niobium which has an average grade 1.07% Nb2O5 (niobium oxide). Taking into account the credits for the other Rare Metals and by-products the equivalent niobium oxide mine grade is 2.1%.
Polymetallic mineral Resources for Coors and Crown Sectors, Mt Weld
... siehe Tab. (Link)
...
Mt = million tonnes, other figures are percentages. Ta2O5 tantalum oxide, Nb2O5 niobium oxide, TLnO rare earth oxide, ZrO2 zirconia, Fe2O3 iron oxide, P2O5 phosphate, Y2O3 yttria, Al2O3 alumina, TiO2 titanium oxide
Given the size of the resource and the economic and technical strength of the scoping study, the next step for the Polymetallic Crown deposit is commencement of a feasibility study. This will be deferred until after the development of the Rare Earths project.
Grüsse JoJo
http://www.theaureport.com/
Jack Lifton: The Age of Technology Metals
Posted Tuesday, 6 January 2009
Jack Lifton, a consultant, author and public speaker with more than 45 years of experience in sourcing and recycling minor metals (including the rare earths), shares his views on the current balancing act between technologies production and available natural resources. Mr. Lifton identifies these dwindling resources and the mining companies in which to invest, as he warns of the devastating effect production cuts will have on our everyday lives in "the age of technology metals."
The Gold Report: Jack, you've been speaking a lot at conferences about technology metals and rare earth metals. Can you give us some insights into your theories?
Jack Lifton: I’ve been at about seven or eight conferences around the world this year talking about my theme, which is that (notwithstanding the quality of a technology) all production of technologies is strictly regulated by the amount of the particular natural resources available. And we have very quietly, but obviously, transformed our civilization into the age of technology metals.
We’re not dependent on just technology metals, however. Without rare earth metals, we can no longer make a powerful small motor, a nickel metal hydride battery, a Prius automobile or even lasers. We can’t make cutting tools, military armor, or ammunition without tungsten. We can’t make high-efficiency cooling systems for our power plants no matter what their fuel source—oil, gas, coal, wind, solar or nuclear—without molybdenum. Either we’re running out of oil or we’re running out of rare earth. We’re always running out of something, and that is not the issue. The issue is how much can human civilization produce of something in a given year.
TGR: What’s the difference between a minor metal and a rare earth metal?
JL: Rare earths are a particular group of metals that are from Atomic #57 to 71 and, with the addition of the metals scandium and yttrium, there’s a total of 17 metals designated rare earth. Minor metals were, until recently, considered to have only minor uses. I don’t call them minor; I refer to them as the technology metals.
TGR: So if we look at what’s happening with the economy, knowing that we’re in a recession, which are the minor metals that will still be required going forward?
JL: That’s a good question and I break them down into two groups—by-product metals and primary minor metals. Some of the most important of the so-called minor metals are only found as by-products of base metals. For example, the base metal zinc is our only source in the world of germanium, cadmium and indium metals. The base metal copper is a source of 75% of the world’s molybdenum and rhenium. Copper is also the source of 95% of the world’s tellurium and selenium; and the base metal aluminum is the only source of the metal gallium.
And when they reduce the production of base metals, they also reduce the production of molybdenum, rhenium, selenium, and tellurium. So what? Well, you can’t make a jet engine or a rocket engine without rhenium. First Solar Corporation in Ohio makes cadmium telluride thin film photovoltaic cells; the cadmium comes from zinc, and the tellurium comes from copper. Therefore, the reduction in base metals production has also reduced the production of the key minor technology metals used for solar—and there is no substitute. So right this minute we’re in the situation of running on inventory, which is not large, and recycling is almost non-existent for these materials because their uses are dissipated.
TGR: If we’re running on inventory right now and there’s no possibility of substitute or recycling, why haven’t the prices skyrocketed already?
JL: They’re actually holding pretty well. None of these metals is exchange traded. You can’t get prices for them by looking in the Wall Street Journal. So you need to take a look at the current pricing of tellurium, selenium, gallium and germanium and watch those prices. The reporting on those prices is spotty. So what I’m saying is don’t watch the actual daily pricing reports. Watch the trends. In a period when base metal production is going down, it means minor metal production is also going down, by-product metal, and we’re headed for a crisis here because there isn’t very much and the materials we make from them tend to be ordered on a much longer term.
TGR: As an investor then, the play here is to invest in equity companies that are producing base metals. Would that be correct?
JL: Correct. That’s correct.
TGR: Are there certain of these by-product minor metals that are more critical?
JL: I predicted at a recent conference that copper would hit perhaps as much as $10 a pound by 2011. Everybody said, oh, you’re crazy. But I’ll tell you who didn’t tell me I was crazy—all the men who were on those panels. One of them said to me, you know what’s wrong with your prediction? I said what? He said you’re way low—we know that there are critical technologies that are now based on derivatives of copper.
And these industries are going to get a lot of publicity in the next few years because they’re making cooling systems for power plants or batteries or photo cells, and they won’t be able to get material. I mentioned the Prius a minute ago. Are you aware that every Prius has 64 pounds of copper on board? There are a million of them on the road. That’s 32,000 tons of copper just in the Prius. Do you think you can make a car without copper? Our government has decided to continue the production of cars in Detroit. Every one of them eats more than a ton of steel, almost 100 pounds of copper, magnesium, aluminum. And if that comes from existing inventories, how long will those inventories last?
TGR: Can’t you get the copper from recycling?
JL: Yes, but if you’re going to get it from recycling instead of new production, you’d have to open some smelters. We don’t have that kind of capacity.
TGR: If we’re recycling copper, then we still don’t have these by-product minor metals.
JL: That is correct because they’ve been extracted when they were produced the first time. No new copper smelter or lead smelter has been approved in the United States for years, maybe decades. It takes three years to do the paperwork for a copper smelter, and most copper companies with existing smelters are quite satisfied; they’re not even starting the idea of a recycle. We have in America a dozen smelters for recycling battery lead that produce more than 20,000 tons a year each, more than 20,000. Anyway, the total recycled lead in America each year is over a million tons. Now you don’t hear about that, do you?
TGR: No.
JL: The Prius uses a nickel metal hydride battery based on the rare earth metal lanthanum. The world’s production of lanthanum is almost 100% in the People’s Republic of China. In America, we have at least two mines, that I’m aware of, that can produce lanthanum. Toyota’s been stockpiling lanthanum for some time, it’s been quietly investing; and last week it announced that it had bought a Japanese trading company that specialized in rare earth metals. Through that company, Toyota is now making an investment in a Vietnamese rare earth mine.
TGR: I read that.
JL: Toyota’s research center for North America is right near me. So I see these guys in the drug store and meetings and ask why they are investing in Vietnam. They say the Vietnam government has assured them it wants this kind of mining to happen, and they need the material. They also said they’re very, very concerned about the Chinese cutting off the world from rare earths, which they’ve said they’re going to do. They’re raising the export tax, they’re reducing allocation, and there’s a prediction that Chinese domestic demand for rare earths will equal Chinese production in 2013, which means no more export.
Toyota knows it needs a safe, reliable source of rare earth metal. Now why don’t they come to the U.S., which in 1994 was the world’s largest producer of rare earths? Because it feels the regulatory environment here and the political environment is so anti-mining that there’s no point to it. In the U.S., we have a company called Molycorp, which was owned by Chevron until two months ago when it was sold to a group consisting of Resource Capital of Denver and Goldman Sachs, the financier, in New York.
In 1994, Molycorp’s mine in Mountain Pass, California, was producing 100% of the United States’ needs of rare earths and 34% of the world’s. It was shut down in ’94 because the Chinese came roaring into the market with low prices and put them out of business. Beyond that, there’s only one other rare earth source in North America—a private company called Thorium Energy, which has deposits of rare earths and the metal thorium in Lemhi Pass, Idaho. Thorium is looking to finance it or sell it to a developer. That’s it for North American rare earth sourcing.
Toyota has been so aggressive in sourcing the rare earth metals (lanthanum, in particular), no other car company in the world outside of Japan has an opportunity to go with the nickel metal hydride battery for use in a hybrid car. It’s not about how much there is—it’s about how much is produced. And the amount produced is now insufficient to satisfy the Chinese domestic market and Toyota alone. Japan’s demand for rare earths this year in the summer was projected to be 40,000 tons of total rare earths; however, China has allocated only 38,000 tons for the entire world this year.
As for Ford, I thought it was committed to the lithium battery. I was very, very surprised to find that it’s committed to the nickel metal hydride battery and that the lithium battery is something in the distant future. Now lithium is found as a primary material but it’s found in the mineral spodumine, which is used primarily in the glass industry. It’s very expensive to extract lithium from this mineral for use in batteries. Since 1994, brine mines have been the largest source of lithium for batteries. The largest group of brine mines in the world is in South America.
TGR: We’ve talked a lot about the car industry here, specifically in the battery arena.
JL: There’s another rare earth metal that’s critically important to our society—neodymium. In 1984, General Motors and Sumitomo developed the neodymium iron boron alloy for permanent magnets, which is the basis of all modern electric motors because it allows you to make a very small electric motor with the highest possible power density. Neodymium total world production is less than 20,000 tons. That may sound like a lot to you, but it’s tiny. And the fact is it’s recently been projected that a single wind turbine electric generator producing 1 megawatt of electricity requires one ton of neodymium.
TGR: One ton?
JL: One ton. Now the U.S. installed capacity for electric power production is 1,000 gigawatts, which is 1 million megawatts. So, to replace America’s capacity with wind would require 1 million tons of neodymium. At current world production, that would take around 50 years—if there were no other uses for neodymium. Clearly this isn’t going to happen.
We can produce only so much of any material in a given year. Last year marked the highest production of base metals in history. We produced 39 million tons of aluminum, 16 million tons of copper and 1.3 billion tons of steel. Unfortunately, there’s not much in the way of by-products from iron, but copper and aluminum production account for almost all of the minor metals—gallium, molybdenum, rhenium, selenium and tellurium. If the world economy declines and we don’t reach those peaks again, then we’ve already peaked in the production of those metals. The uses are mainly dissipative. We lose them. It becomes uneconomical to recover them by recycling, so we’re going to have to get along in a world where we use less, which means any industry planning on increasing production based on those metals is in big trouble. One of them clearly is solar.
TGR: Because we’re putting on our investor hats, it sounds like in order to move forward with the whole thing on hybrid cars, solar. . .a whole variety of technology, either we need to invest in China or in base metal production.
JL: Correct.
TGR: Do you foresee a situation in which a Prius is going to cost some ungodly amount because the rare metals used in the car are exponentially expensive?
JL: That’s what Toyota is worried about. The world production of cars this year was supposed to be 70 million units, so now it’s going to be 60 million due to the downturn. But the projection for 2015 is 125 million cars built, including 20 million just from China—which, by 2015, will not be only the world’s largest producer of automobiles but the largest producer in the history of automobiles.
China’s developing huge industries utilizing these materials, which it currently controls like rare earth metals. And as those industries build, we’re seeing the export of these metals sharply reduced. Can we really live without magnets for small motors? Just remove everything that’s got a small motor in it (a cell phone, Blackberry, etc.), and you’ll see why we really need the rare earth metals from China.
I happen to know the Japanese trading companies have approached SQM (Sociedad Química y Minera de Chile S.A.) in Chile to talk about locking up some lithium supplies because they are concerned that Japanese car companies will need lithium. If you could name one American trading company that’s ever bothered to think about that, I’d be shocked. The people I know in Chile told me that, about a year ago, Japanese delegations started showing up talking about exotic metals for the first time. Japanese and Chinese companies have already bought into Chilean mining operations. But aren’t you guys mainly interested in gold?
TGR: Oh, no. We do precious metals, base metals. In fact, we think some of the more interesting plays are going to be in rare earth. We have been hearing more about the mineral tantalum? What is it used for?
JL: Tantalum is one of the most important metals used to make capacitors—a fundamental component to many of the electronics we use daily. It is found in our cellular telephones, iPods and computers. You are probably aware of the fact that the Australian company, Talison Minerals, the world’s largest producer of tantalum raw material, has shut down production.
TGR: Right. That’s where the question was going—what is the impact of that?
JL: The impact is dramatic. Talison, historically, produced up to 63% of the world’s tantalum raw material. Where will the makers of capacitors get their raw materials from?
TGR: If there’s a demand for tantalum, why is it shutting down?
JL: First off, the tantalum industry is unique in its lack of transparency with respect to the supply of raw materials. I feel that the shutdown of Talison’s mine is a decision that is more strategic than one relating to the demand for tantalum. There are limited alternate sources for tantalum raw materials, which puts Talison in a strong negotiating position if there is a real or perceived disruption in the supply of raw materials. And right now, it’s in a price negotiation.
Talison knows that if processors do not purchase material from them, the alternative is to purchase material from central Africa. The major companies are reluctant to do this due to the growing publicity of the fact that much of the material is mined illegally and proceeds are used to fund the ongoing civil wars. The material is even referred to in the industry as ‘blood tantalum.'
TGR: So there are no suppliers in more politically stable areas, such as Europe or North America?
JL: Not any major suppliers. Talison is betting that, due to this fact, they can continue to sign long-term contracts with processors at prices much higher than the metal’s spot price. I believe they probably will until a new deposit of significant size is developed.
http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CC…
Gruß JoJo
Jack Lifton: The Age of Technology Metals
Posted Tuesday, 6 January 2009
Jack Lifton, a consultant, author and public speaker with more than 45 years of experience in sourcing and recycling minor metals (including the rare earths), shares his views on the current balancing act between technologies production and available natural resources. Mr. Lifton identifies these dwindling resources and the mining companies in which to invest, as he warns of the devastating effect production cuts will have on our everyday lives in "the age of technology metals."
The Gold Report: Jack, you've been speaking a lot at conferences about technology metals and rare earth metals. Can you give us some insights into your theories?
Jack Lifton: I’ve been at about seven or eight conferences around the world this year talking about my theme, which is that (notwithstanding the quality of a technology) all production of technologies is strictly regulated by the amount of the particular natural resources available. And we have very quietly, but obviously, transformed our civilization into the age of technology metals.
We’re not dependent on just technology metals, however. Without rare earth metals, we can no longer make a powerful small motor, a nickel metal hydride battery, a Prius automobile or even lasers. We can’t make cutting tools, military armor, or ammunition without tungsten. We can’t make high-efficiency cooling systems for our power plants no matter what their fuel source—oil, gas, coal, wind, solar or nuclear—without molybdenum. Either we’re running out of oil or we’re running out of rare earth. We’re always running out of something, and that is not the issue. The issue is how much can human civilization produce of something in a given year.
TGR: What’s the difference between a minor metal and a rare earth metal?
JL: Rare earths are a particular group of metals that are from Atomic #57 to 71 and, with the addition of the metals scandium and yttrium, there’s a total of 17 metals designated rare earth. Minor metals were, until recently, considered to have only minor uses. I don’t call them minor; I refer to them as the technology metals.
TGR: So if we look at what’s happening with the economy, knowing that we’re in a recession, which are the minor metals that will still be required going forward?
JL: That’s a good question and I break them down into two groups—by-product metals and primary minor metals. Some of the most important of the so-called minor metals are only found as by-products of base metals. For example, the base metal zinc is our only source in the world of germanium, cadmium and indium metals. The base metal copper is a source of 75% of the world’s molybdenum and rhenium. Copper is also the source of 95% of the world’s tellurium and selenium; and the base metal aluminum is the only source of the metal gallium.
And when they reduce the production of base metals, they also reduce the production of molybdenum, rhenium, selenium, and tellurium. So what? Well, you can’t make a jet engine or a rocket engine without rhenium. First Solar Corporation in Ohio makes cadmium telluride thin film photovoltaic cells; the cadmium comes from zinc, and the tellurium comes from copper. Therefore, the reduction in base metals production has also reduced the production of the key minor technology metals used for solar—and there is no substitute. So right this minute we’re in the situation of running on inventory, which is not large, and recycling is almost non-existent for these materials because their uses are dissipated.
TGR: If we’re running on inventory right now and there’s no possibility of substitute or recycling, why haven’t the prices skyrocketed already?
JL: They’re actually holding pretty well. None of these metals is exchange traded. You can’t get prices for them by looking in the Wall Street Journal. So you need to take a look at the current pricing of tellurium, selenium, gallium and germanium and watch those prices. The reporting on those prices is spotty. So what I’m saying is don’t watch the actual daily pricing reports. Watch the trends. In a period when base metal production is going down, it means minor metal production is also going down, by-product metal, and we’re headed for a crisis here because there isn’t very much and the materials we make from them tend to be ordered on a much longer term.
TGR: As an investor then, the play here is to invest in equity companies that are producing base metals. Would that be correct?
JL: Correct. That’s correct.
TGR: Are there certain of these by-product minor metals that are more critical?
JL: I predicted at a recent conference that copper would hit perhaps as much as $10 a pound by 2011. Everybody said, oh, you’re crazy. But I’ll tell you who didn’t tell me I was crazy—all the men who were on those panels. One of them said to me, you know what’s wrong with your prediction? I said what? He said you’re way low—we know that there are critical technologies that are now based on derivatives of copper.
And these industries are going to get a lot of publicity in the next few years because they’re making cooling systems for power plants or batteries or photo cells, and they won’t be able to get material. I mentioned the Prius a minute ago. Are you aware that every Prius has 64 pounds of copper on board? There are a million of them on the road. That’s 32,000 tons of copper just in the Prius. Do you think you can make a car without copper? Our government has decided to continue the production of cars in Detroit. Every one of them eats more than a ton of steel, almost 100 pounds of copper, magnesium, aluminum. And if that comes from existing inventories, how long will those inventories last?
TGR: Can’t you get the copper from recycling?
JL: Yes, but if you’re going to get it from recycling instead of new production, you’d have to open some smelters. We don’t have that kind of capacity.
TGR: If we’re recycling copper, then we still don’t have these by-product minor metals.
JL: That is correct because they’ve been extracted when they were produced the first time. No new copper smelter or lead smelter has been approved in the United States for years, maybe decades. It takes three years to do the paperwork for a copper smelter, and most copper companies with existing smelters are quite satisfied; they’re not even starting the idea of a recycle. We have in America a dozen smelters for recycling battery lead that produce more than 20,000 tons a year each, more than 20,000. Anyway, the total recycled lead in America each year is over a million tons. Now you don’t hear about that, do you?
TGR: No.
JL: The Prius uses a nickel metal hydride battery based on the rare earth metal lanthanum. The world’s production of lanthanum is almost 100% in the People’s Republic of China. In America, we have at least two mines, that I’m aware of, that can produce lanthanum. Toyota’s been stockpiling lanthanum for some time, it’s been quietly investing; and last week it announced that it had bought a Japanese trading company that specialized in rare earth metals. Through that company, Toyota is now making an investment in a Vietnamese rare earth mine.
TGR: I read that.
JL: Toyota’s research center for North America is right near me. So I see these guys in the drug store and meetings and ask why they are investing in Vietnam. They say the Vietnam government has assured them it wants this kind of mining to happen, and they need the material. They also said they’re very, very concerned about the Chinese cutting off the world from rare earths, which they’ve said they’re going to do. They’re raising the export tax, they’re reducing allocation, and there’s a prediction that Chinese domestic demand for rare earths will equal Chinese production in 2013, which means no more export.
Toyota knows it needs a safe, reliable source of rare earth metal. Now why don’t they come to the U.S., which in 1994 was the world’s largest producer of rare earths? Because it feels the regulatory environment here and the political environment is so anti-mining that there’s no point to it. In the U.S., we have a company called Molycorp, which was owned by Chevron until two months ago when it was sold to a group consisting of Resource Capital of Denver and Goldman Sachs, the financier, in New York.
In 1994, Molycorp’s mine in Mountain Pass, California, was producing 100% of the United States’ needs of rare earths and 34% of the world’s. It was shut down in ’94 because the Chinese came roaring into the market with low prices and put them out of business. Beyond that, there’s only one other rare earth source in North America—a private company called Thorium Energy, which has deposits of rare earths and the metal thorium in Lemhi Pass, Idaho. Thorium is looking to finance it or sell it to a developer. That’s it for North American rare earth sourcing.
Toyota has been so aggressive in sourcing the rare earth metals (lanthanum, in particular), no other car company in the world outside of Japan has an opportunity to go with the nickel metal hydride battery for use in a hybrid car. It’s not about how much there is—it’s about how much is produced. And the amount produced is now insufficient to satisfy the Chinese domestic market and Toyota alone. Japan’s demand for rare earths this year in the summer was projected to be 40,000 tons of total rare earths; however, China has allocated only 38,000 tons for the entire world this year.
As for Ford, I thought it was committed to the lithium battery. I was very, very surprised to find that it’s committed to the nickel metal hydride battery and that the lithium battery is something in the distant future. Now lithium is found as a primary material but it’s found in the mineral spodumine, which is used primarily in the glass industry. It’s very expensive to extract lithium from this mineral for use in batteries. Since 1994, brine mines have been the largest source of lithium for batteries. The largest group of brine mines in the world is in South America.
TGR: We’ve talked a lot about the car industry here, specifically in the battery arena.
JL: There’s another rare earth metal that’s critically important to our society—neodymium. In 1984, General Motors and Sumitomo developed the neodymium iron boron alloy for permanent magnets, which is the basis of all modern electric motors because it allows you to make a very small electric motor with the highest possible power density. Neodymium total world production is less than 20,000 tons. That may sound like a lot to you, but it’s tiny. And the fact is it’s recently been projected that a single wind turbine electric generator producing 1 megawatt of electricity requires one ton of neodymium.
TGR: One ton?
JL: One ton. Now the U.S. installed capacity for electric power production is 1,000 gigawatts, which is 1 million megawatts. So, to replace America’s capacity with wind would require 1 million tons of neodymium. At current world production, that would take around 50 years—if there were no other uses for neodymium. Clearly this isn’t going to happen.
We can produce only so much of any material in a given year. Last year marked the highest production of base metals in history. We produced 39 million tons of aluminum, 16 million tons of copper and 1.3 billion tons of steel. Unfortunately, there’s not much in the way of by-products from iron, but copper and aluminum production account for almost all of the minor metals—gallium, molybdenum, rhenium, selenium and tellurium. If the world economy declines and we don’t reach those peaks again, then we’ve already peaked in the production of those metals. The uses are mainly dissipative. We lose them. It becomes uneconomical to recover them by recycling, so we’re going to have to get along in a world where we use less, which means any industry planning on increasing production based on those metals is in big trouble. One of them clearly is solar.
TGR: Because we’re putting on our investor hats, it sounds like in order to move forward with the whole thing on hybrid cars, solar. . .a whole variety of technology, either we need to invest in China or in base metal production.
JL: Correct.
TGR: Do you foresee a situation in which a Prius is going to cost some ungodly amount because the rare metals used in the car are exponentially expensive?
JL: That’s what Toyota is worried about. The world production of cars this year was supposed to be 70 million units, so now it’s going to be 60 million due to the downturn. But the projection for 2015 is 125 million cars built, including 20 million just from China—which, by 2015, will not be only the world’s largest producer of automobiles but the largest producer in the history of automobiles.
China’s developing huge industries utilizing these materials, which it currently controls like rare earth metals. And as those industries build, we’re seeing the export of these metals sharply reduced. Can we really live without magnets for small motors? Just remove everything that’s got a small motor in it (a cell phone, Blackberry, etc.), and you’ll see why we really need the rare earth metals from China.
I happen to know the Japanese trading companies have approached SQM (Sociedad Química y Minera de Chile S.A.) in Chile to talk about locking up some lithium supplies because they are concerned that Japanese car companies will need lithium. If you could name one American trading company that’s ever bothered to think about that, I’d be shocked. The people I know in Chile told me that, about a year ago, Japanese delegations started showing up talking about exotic metals for the first time. Japanese and Chinese companies have already bought into Chilean mining operations. But aren’t you guys mainly interested in gold?
TGR: Oh, no. We do precious metals, base metals. In fact, we think some of the more interesting plays are going to be in rare earth. We have been hearing more about the mineral tantalum? What is it used for?
JL: Tantalum is one of the most important metals used to make capacitors—a fundamental component to many of the electronics we use daily. It is found in our cellular telephones, iPods and computers. You are probably aware of the fact that the Australian company, Talison Minerals, the world’s largest producer of tantalum raw material, has shut down production.
TGR: Right. That’s where the question was going—what is the impact of that?
JL: The impact is dramatic. Talison, historically, produced up to 63% of the world’s tantalum raw material. Where will the makers of capacitors get their raw materials from?
TGR: If there’s a demand for tantalum, why is it shutting down?
JL: First off, the tantalum industry is unique in its lack of transparency with respect to the supply of raw materials. I feel that the shutdown of Talison’s mine is a decision that is more strategic than one relating to the demand for tantalum. There are limited alternate sources for tantalum raw materials, which puts Talison in a strong negotiating position if there is a real or perceived disruption in the supply of raw materials. And right now, it’s in a price negotiation.
Talison knows that if processors do not purchase material from them, the alternative is to purchase material from central Africa. The major companies are reluctant to do this due to the growing publicity of the fact that much of the material is mined illegally and proceeds are used to fund the ongoing civil wars. The material is even referred to in the industry as ‘blood tantalum.'
TGR: So there are no suppliers in more politically stable areas, such as Europe or North America?
JL: Not any major suppliers. Talison is betting that, due to this fact, they can continue to sign long-term contracts with processors at prices much higher than the metal’s spot price. I believe they probably will until a new deposit of significant size is developed.
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Gruß JoJo
Antwort auf Beitrag Nr.: 36.280.035 von technophilosoph am 30.12.08 11:25:49
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