LYNAS - Faktenthread, Analysen, Querverweise u. Meldungen zum Unternehmen (Seite 42)

[JoJo49]

http://www.sz-online.de/nachrichten/seltene-erden-streit-um-…
Montag, 28.04.2014
Seltene Erden: Streit um Chinas Marktmacht geht in neue Runde

China dominiert fast die gesamte Weltproduktion der Seltenen Erden. In das Ringen mit Peking kommt Bewegung. Westliche Firmen setzen auf Alternativen und andere Förderquellen. Das lässt die Preise fallen.
:::

@ eine erfolgreiche Woche

Grüsse JoJo

[Replikant]

http://www.heise.de/newsticker/meldung/Seltene-Erden-Streit-…

Im US-Bundesstaat Kalifornien etwa wurde Ende 2010 nach achtjährigem Stopp das Bergwerk "Mountain Pass" wieder eröffnet, in Malaysia werden seit dem vergangenen Jahr Erze aus einem australischen Bergwerk aufbereitet. "Von den einst euphorisch angedachten Kapazitätserweiterungen spricht heute in Kalifornien und Malaysia keiner mehr", teilte jedoch die Bundesanstalt für Geowissenschaften und Rohstoffe (BGR) kürzlich mit.

[JoJo49]

LYC Lynas Corporation Limited
April 2014
22nd Another Malaysian Court Challenge Dismissed
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=793742
22 April 2014


ANOTHER MALAYSIAN COURT CHALLENGE DISMISSED

Lynas Corporation (ASX:LYC, OTC:LYSDY) is pleased to announce that the Malaysian Federal
Court has dismissed with costs an appeal by persons associated with the Save Malaysia Stop
Lynas group (SMSL) seeking leave to apply for judicial review of the Atomic Energy Licensing
Board’s decision to issue the Temporary Operating Licence (TOL) to Lynas. The Federal Court’s
decision affirms previous similar decisions by the Court of Appeal and the Kuantan High Court,
which were announced on 28 October 2013 and 29 January 2013 respectively.

The Federal Court’s decision relates to the “third judicial review challenge” referred to in the Lynas
Quarterly Activities Report that was released on 31 July 2013. The Federal Court is the highest
court in Malaysia, and SMSL has no further appeals in respect of the third judicial review
challenge.



For further information please contact Alan Jury or Alistair Reid on [phone] or visit
www.lynascorp.com

For all media enquiries please contact Cameron Morse from FTI Consulting on +61 8 9485
8888.


Grüsse JoJo

[JoJo49]

http://www.deutsche-mittelstands-nachrichten.de/2014/04/6109…
Leuchtdiodenlampen sollen bald so günstig werden wie herkömmliche Glühbirnen. Der LED-Weltmarkt wird sich bis 2020 auf 65 Milliarden Euro mehr als versiebenfachen und danach zusammenschrumpfen. Denn LEDs halten zehn Mal länger.



http://www.deutsche-mittelstands-nachrichten.de/2014/03/6074…
Die bilateralen Verhandlungen zwischen Deutschland und China sollen wirtschaftliche Differenzen beseitigen. China verärgert mit Exportbeschränkungen für Rohstoffe seine Handelspartner. Deutsche Unternehmen werden von Staatsaufträgen ausgeschlossen. Die Volksrepublik hält außerdem den Kurs ihrer Währung Yuan niedrig und verschafft sich damit Preisvorteile.


http://www.rockstone-research.de/research/RockstoneREEupdate…
Seltene Erden Lagerstätten: Ein einfaches Mittel zur vergleichenden Bewertung


http://www.deutsche-mittelstands-nachrichten.de/2014/04/6134…
Toyota sieht Zukunft für Hybrid-Markt in China



http://www.faz.net/aktuell/wirtschaft/wirtschaftspolitik/sel…
China ist der weltgrößte Hersteller von Rohstoffen, die für Handys und Computer essentiell sind. Das Land hat den Export beschränkt - und dafür Ärger mit der Welthandelsorganisation bekommen. Nun legt es nach.



http://www.bernerzeitung.ch/wirtschaft/konjunktur/WTO-und-Ch…
China besitzt ein Quasi-Monopol auf Seltene Erden. Mit Exportbeschränkungen trieb die Volksrepublik den Marktpreis in die Höhe. Dem tritt die WTO entgegen.

Grüsse JoJo

[JoJo49]

http://resourceinvestingnews.com/69720-many-companies-unlike…

http://www.mineweb.com/mineweb/content/en/mineweb-political-…

http://hotcopper.com.au/LYC







JoJo

[Optimist_]

Aus der bekanntesten Wirtschaftszeitug Malaysias:
http://www.theedgemalaysia.com/index.php?option=com_content&…

Lynas refinancing in doubt on rare-earth ruling
Business & Markets 2014
Written by Bloomberg

Friday, 11 April 2014 17:39

(April 10): Lynas Corp., the Australian miner seeking to loosen China’s grip on the rare-earth market, faces mounting concern it won’t be able to refinance debt after a trade arbiter opened the door to more exports from the Asian nation.

The company, whose cash on hand dropped to the equivalent of $70 million in December from $213 million a year earlier, must repay $80 million in loans to Tokyo-based trading house Sojitz Corp. by March 31, 2015, according to its annual report. Sydney-based Lynas, which said in March it may need more money in the next 12 months, also faces quarterly coupon payments on its $225 million of 2.75 percent convertible bonds due in 2016.

The World Trade Organization decided March 26 that China, which controls about 90 percent of global rare earth production, violates trade rules by limiting exports of the elements used in iPads, hybrid-car batteries and missiles. UBS AG says the move may lead to more supply from the country that would drive prices down and hurt Lynas, which has already lost 62 percent of its stock-market value in the past year.

“It’s going to be very hard for Lynas to get new debt,” Jo Battershill, a Sydney-based mining analyst at UBS, said by telephone on April 4. “They’re struggling to repay existing debt and I’m not sure who’s going to give them more. There are also vulture funds out there that will look for distressed situations and they could be a potential for Lynas.”

Lynas is “involved in a number of different discussions regarding various alternatives” for raising capital, Alan Jury, executive vice president for corporate affairs at the company, wrote in an e-mailed reply to questions on April 9. “These discussions continue and no decisions have been made about anything at this stage.”

The miner, which started commercial production and shipments of rare-earth products last year, said in a stock exchange filing on March 11 it was confident any such funding will be obtained in a timely manner.
Options include selling more debt and equity, as well as rescheduling existing borrowings, it said.

The “material uncertainty” about whether further financing will be needed may cast doubt on Lynas’s ability to continue as a going concern, auditors Ernst & Young said in the miner’s March 11 statement.

WTO Ruling

Sojitz declined to comment on the possibility of more loans for Lynas, Iku Suita, a spokesman for the trading house, said in an e-mail on April 3. Mount Kellett Capital Management LP, the $7 billion fund started by former Goldman Sachs Group Inc.’s traders which holds all of Lynas’s convertibles, also declined to comment, Dan Gagnier, its spokesman at public-relations firm Sard Verbinnen & Co., said in an April 1 e-mail.

A dispute-settlement panel at the Geneva-based WTO on March 26 sided with the U.S., Japan and Europe in determining China didn’t adequately justify imposing export duties and quotas. China cut mining permits and imposed production and export quotas in 2007 to reduce pollution and conserve supplies.

The country has 60 days to adopt the decision or appeal under WTO rules. The nation “is currently assessing the panel report and will follow the WTO dispute settlement procedures to settle this dispute,” according to an e-mailed statement from its Ministry of Commerce.

“Lynas believes it is too early to speculate on the likely impact of the WTO decision, especially given China’s right to appeal the decision and the fact that China’s export policies, including quotas and tariffs, remain unchanged,” Lynas’s Jury wrote. “It is important to note that since 2011, China’s rare- earths export quotas have not been fully utilized reflecting subdued demand outside China and a demand shift into China in some market segments.”

Rare earths comprise 17 chemically similar elements that include lanthanum, cerium and neodymium, and are used in products including Tomahawk cruise missiles made by Raytheon Co. While they are relatively abundant in the earth’s crust, finding deposits large enough tomine is less common, according to a U.S. Geological Survey.

Lynas borrowed from a unit of Sojitz and Mount Kellett in 2012 to develop the Mount Weld plant in Western Australia and a processing facility in Malaysia. Protests against the processing plant led to production delays, prompting Sojitz to accelerate the loan repayment schedule in September 2013.

Price Decline

The price of cerium oxide, the most abundant rare earth oxide by weight at Mount Weld has plunged 45 percent in the past year, according to Shanghai Steelhome Information prices. Lanthanum oxide, the second-most common at the site, has dropped 37 percent in the same period.

Despite the declines, Lynas expects to generate enough cash to cover ongoing costs including overheads, based on current prices, according to an April 1 company report. The miner increased its production of rare earth oxides 47 percent last quarter from the previous three months, as exports jumped 84 percent, it said.

Union Investment GmbH, a Frankfurt-based money manager overseeing 206.5 billion euros ($286 billion) globally, sold out of Lynas shares amid prolonged industry oversupply and disappointment with production delays in Malaysia.

“I lost faith in the management credibility and that’s a deal breaker for me regardless of the valuation,” Sebastien Buch, who oversees about $688 million at Union, said by telephone on April 2. Buch cut his stake in Lynas at about 77 Australian cents a share in August 2012 and exited in November.
The Bloomberg Rare Earth Mineral Resources Index, which tracks 38 global producers, fell 43 percent in the past year.

“I don’t see them coming back without the necessary recovery in the industry,” Buch said. “It still surprised me to see how far they have fallen.”

In diesem Artikel steckt genug Information um weiter auf höchstem Niveau zu spekulieren. Es kommt durch, dass wohl jeder Investor zurzeit das Vertrauen in den Sektor verloren hat. Meiner Meinung nach, wäre es wichtig, dass Lynas hier möglichst schnell positive Nachrichten entgegensetzt. Dazu muss der malaysische Staat mit der Erteilung einer permanenten Lizenz (möglichst nicht erst im August (temporäre läuft bis ~20 Sept.)) ein großes Stück beitragen. Trotz aller Rückschläge, viele davon gehen nicht auf das Managment von Lynas, muss erst einmal jemand ein anderes Beispiel zeigen, bei dem aus einer Ressource ein funktionierendes Minenunternehmen mit Downstream Prozesskette geworden ist. Hat jemand vielleicht Zahlen, wieviele es nicht schaffen? Ich denke gegen 90%. Lynas gehört zu den erfolgreichen 10% und hat nur das Problem in einem regulierten Markt, China als Gegenspieler zu haben. Ansonsten wären sie schon längst am Breakeven. Kopf hoch! Und viel Glück in den nächsten Wochen für das ganze Lynas Team! Sie haben es verdient das lange Projekt endlich zum Erfolg zu führen (und alle treuen Shareholder und Unterstützer ebenso).

[JoJo49]

Antwort auf Beitrag Nr.: 46.779.537 von Fuenfvorzwoelf am 07.04.14 14:38:36

- siehe auch folgendes:
http://www.goldseiten.de/artikel/202446--Junior--folgen-den-…

Bin von meiner Reise zurück

Grüsse JoJo

[Fuenfvorzwoelf]

Legt Euch nen Favoriten:

http://translate.google.de/translate?sl=zh-CN&tl=de&js=y&pre…

[Optimist_]

http://www.rsc.org/chemistryworld/2014/04/analysts-shrug-rar…

Analysts shrug off rare earth trade ruling

2 April 2014Anthony King

There will be no immediate impact on rare earths from the recent World Trade Organization (WTO) ruling against China, say analysts. The WTO deemed that China’s use of export quotas, export taxes and trading restrictions went against its rules.

Offshore wind turbines

Rare earths are used in wind turbines and electronics, and China's trade tariffs give domestic manufacturers distinct advantages © Shutterstock
The WTO panel described export duties as unnecessary for environmental protection, and said China’s export quotas were designed to achieve industrial policy goals rather than preserve natural resources. It was dissatisfied with the trading rights restrictions imposed by China. The rare earths, tungsten and molybdenum involved are used in all sorts of electronic goods.

The European commission lauded the WTO decision, saying it shows that an extracting country cannot limit the sales of its raw materials to its domestic industry, giving them a competitive age over foreign firms. The EU was a complainant, together with Japan and the US.

Analysts met the decision with a shrug, however, predicting no major repercussions. ‘It is an interesting move by the WTO, but academic,’ says senior analyst Kerry Satterthwaite from mineral research group Roskill. ‘The material impact on the market in terms of supply and demand will be negligible.’ China has not met its export quota in the last few years, so there has been no restriction on rare earth exports anyway.

On state media website ECNS, Chinese officials made clear they felt wronged by the ruling and repeated that the restrictions were designed to conserve resources and protect the environment. Satterthwaite has sympathy for the Chinese position, saying they had trouble with illegal mining in the past and ‘it was part of a wider bona fide effort to try to bring the market under better control.’ She predicts China will appeal within 60 days as allowed, especially regarding export duties.

‘China will continue to supply and consume most rare earths, as other countries simply are not in a position to take over’

The Chinese control rare earths for economic reasons, and there ‘was nothing sinister,’ says analyst Jack Lifton of Technology Metals Research. He says ‘they built the supply chain and maintained low costs. And until you find a way to change that, nothing much is going to happen.’ The ruling won’t influence the way China does business, he adds, ‘I predict nothing will happen.’

Dudley Kingsnorth, rare earth consultant at the Curtin Graduate School of Business in Perth, Australia, says the WTO ruling is a victory, but ‘whether it is meaningful will depend on China’s reaction and to date they have indicated that any changes will be minimal.’ He agrees that there will be little short-term impact, but says one should not overlook the effects of China’s export duties on fair competition.

The result of the taxes applied in China means that a Japanese producer of phosphor powders for energy efficient lighting ends up paying 41% more for its rare earths, which creates a huge advantage to Chinese industry. ‘Consumers do not wish to be dependent upon rare earths from a country that can manipulate price; so they are developing supply chains that are independent of China,’ Kingsnorth adds. This will require improved technology to produce the metals for less than China
Blowback forecast

Lifton believes that if China lifted export duties there could be unintended consequences. ‘If the world’s largest rare earth mine in Inner Mongolia was to take orders from any country, and sell cerium for $5 a kilo, the same as in China, then the floodgates could open and wash away the Lynas plant in Malaysia and Molycorp’s Mountain Pass mine in California,’ says Lifton. ‘Nobody thinks this would be wonderful, except those who want to drive up the share price of rare earth junior stocks.’

Lifton says competition among rare earth producers within China is ‘vicious’ and producers he met at the recent Ningbo International Conference on Rare Earth Permanent Magnets in China viewed the WTO ruling as irrelevant. They were more concerned about the current low prices in China, he says.

China will continue to supply and consume most rare earths, as other countries simply are not in a position to take over, adds Lifton. ‘Europe has a supply chain in place, but no mines. The US has a mine, but nothing else. We have a segmented rare earths industry to the point where it is non-operational,’ he says. ‘The Japanese don’t have a mine. They have been moving a lot of stuff to China. Hitachi said it would never move magnet production to China, but now it is. The guys in the rare earth market are saying, “We will work with China. What else are we supposed to do?”’

[Fuenfvorzwoelf]

Neue Präsentation

http://www.lynascorp.com/Presentations/2014/Lynas%20Asian%20…