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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
- siehe auch folgendes: http://www.goldseiten.de/artikel/202446--Junior--folgen-den-…
Bin von meiner Reise zurück
Grüsse JoJo
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).
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).
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
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
Trading Spotlight
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 +61 2 8259 7100 or visit
www.lynascorp.com
For all media enquiries please contact Cameron Morse from FTI Consulting on +61 8 9485
8888.
Grüsse JoJo
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 +61 2 8259 7100 or visit
www.lynascorp.com
For all media enquiries please contact Cameron Morse from FTI Consulting on +61 8 9485
8888.
Grüsse JoJo
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.
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.
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
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
WTO Entscheid zu Exportzöllen von SE's aus China. China wird wohl Berufung (appeal) einlegen...
http://www.reuters.com/article/2014/04/17/us-china-wto-raree…
China to appeal WTO rare earth ruling
BEIJING Thu Apr 17, 2014 2:16am EDT
Labourers work at a site of a rare earth metals mine at Nancheng county, Jiangxi province March 14, 2012.
Credit: Reuters/Stringer
(Reuters) - China said on Thursday it would appeal against a World Trade Organization (WTO) ruling that found it violated global trade rules with its export limits on rare earth minerals used in defense and technology products.
China lost a WTO dispute in March, handing Europe and the United States a victory over what they see as China's unfair trade practices.
"China will make the utmost efforts in the appeals process," Ministry of Commerce spokesman Shen Danyang told reporters at a monthly briefing.
China produces more than 90 percent of the world's rare earths, key elements in defense industry components and modern technology from iPhones and disk drives to wind turbines.
China imposed strict rare earth export quotas in 2010, saying it was trying to curtail pollution and preserve resources.
"Regardless of the appeal's outcome, China's policy objectives to protect the environment and natural resources will not change," Shen said. "They will also continue to strengthen management of natural resource products in a manner that accords with WTO rules and safeguards fair competition."
Prices of the prized commodities soared by hundreds of percent after China imposed is export quotas, and the United States, European Union and Japan complained that the restrictions gave Chinese companies an unfair competitive edge.
The United States said the export limits allowed China to artificially increase world prices for raw materials crucial for products like hybrid car batteries, wind turbines and energy-efficient lighting, while artificially lowering prices for Chinese producers.
China had been widely expected to lose the case, after a successful challenge two years ago to its export restraints on a different set of raw materials used in the steel, aluminum, and chemicals industries, including bauxite and magnesium.
In that ruling, a WTO panel said China had failed to demonstrate that its export duties were to curtail pollution or conserve resources.
Decades of unrestrained economic growth has hit China's environment hard. Refining rare earths requires large amounts of acid, and also produces low-level radioactive waste.
China has pointed out that other countries, notably the United States, have closed many of their own rare earths refineries, citing pollution concerns.
(Reporting by Aileen Wang and Michael Martina; Editing by Robert Birsel)
Für die Preise ist das eher gut. Lynas kann sich sowieso neben Liefersicherheit auch als nachhaltigster SE Lieferant profilieren (Stichwort sustainable development). Ob damit die Preise in Zukunft noch alles entscheidend sind!? Am 30.04. kommen die viel erwarteten Infos. Da alles Schlechte im Kurs eingepreist ist, kann es eigentlich nur positiv herauskommen. Außer Lynas hat kein Cash mehr und vermeldet auch keine konkrete Lösung dafür.
http://www.reuters.com/article/2014/04/17/us-china-wto-raree…
China to appeal WTO rare earth ruling
BEIJING Thu Apr 17, 2014 2:16am EDT
Labourers work at a site of a rare earth metals mine at Nancheng county, Jiangxi province March 14, 2012.
Credit: Reuters/Stringer
(Reuters) - China said on Thursday it would appeal against a World Trade Organization (WTO) ruling that found it violated global trade rules with its export limits on rare earth minerals used in defense and technology products.
China lost a WTO dispute in March, handing Europe and the United States a victory over what they see as China's unfair trade practices.
"China will make the utmost efforts in the appeals process," Ministry of Commerce spokesman Shen Danyang told reporters at a monthly briefing.
China produces more than 90 percent of the world's rare earths, key elements in defense industry components and modern technology from iPhones and disk drives to wind turbines.
China imposed strict rare earth export quotas in 2010, saying it was trying to curtail pollution and preserve resources.
"Regardless of the appeal's outcome, China's policy objectives to protect the environment and natural resources will not change," Shen said. "They will also continue to strengthen management of natural resource products in a manner that accords with WTO rules and safeguards fair competition."
Prices of the prized commodities soared by hundreds of percent after China imposed is export quotas, and the United States, European Union and Japan complained that the restrictions gave Chinese companies an unfair competitive edge.
The United States said the export limits allowed China to artificially increase world prices for raw materials crucial for products like hybrid car batteries, wind turbines and energy-efficient lighting, while artificially lowering prices for Chinese producers.
China had been widely expected to lose the case, after a successful challenge two years ago to its export restraints on a different set of raw materials used in the steel, aluminum, and chemicals industries, including bauxite and magnesium.
In that ruling, a WTO panel said China had failed to demonstrate that its export duties were to curtail pollution or conserve resources.
Decades of unrestrained economic growth has hit China's environment hard. Refining rare earths requires large amounts of acid, and also produces low-level radioactive waste.
China has pointed out that other countries, notably the United States, have closed many of their own rare earths refineries, citing pollution concerns.
(Reporting by Aileen Wang and Michael Martina; Editing by Robert Birsel)
Für die Preise ist das eher gut. Lynas kann sich sowieso neben Liefersicherheit auch als nachhaltigster SE Lieferant profilieren (Stichwort sustainable development). Ob damit die Preise in Zukunft noch alles entscheidend sind!? Am 30.04. kommen die viel erwarteten Infos. Da alles Schlechte im Kurs eingepreist ist, kann es eigentlich nur positiv herauskommen. Außer Lynas hat kein Cash mehr und vermeldet auch keine konkrete Lösung dafür.
LYC Lynas Corporation Limited
April 2014
30th Quarterly Cashflow Report
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=795095
QUARTERLY REPORT
FOR THE PERIOD ENDING 31 MARCH 2014
__________________________________________________________________________________________________
HIGHLIGHTS
During the March 2014 quarter, Lynas made significant progress towards achieving its
targeted 11,000tpa REO production rate. As previously announced, production and sales in
the March quarter increased to record levels, consistent with prior guidance.
Total tonnes produced for the quarter were 1,089 tonnes, on an REO equivalent basis, a
47% increase on the prior quarter. Total tonnes shipped were 751 tonnes, on an REO
equivalent basis, up 84% on the prior quarter. In addition, production in the month of March
totalled 575 tonnes, 62% higher than the previous monthly record. Timing of customer
delivery accounts for the variance between production and sales volumes.
The average selling price increased by 5% to US$22.63/kg REO (revenue basis), from
US$21.48/kg REO (revenue basis) in the prior quarter. The Company enjoyed a favourable
product mix in the quarter, resulting in the average selling price representing a premium to
the market price.
Lynas has achieved further improvement in performance in all operational areas
subsequent to the end of the quarter. Production in April 2014 is expected to be
approximately 700 tonnes, more than 20% higher than the previous record month in March
2014. Management is confident of achieving the targeted production run rate of 11,000tpa
REO from the LAMP on a sustainable basis during the June 2014 quarter.
The 12-month rolling Lost Time Injury Frequency Rate as at the end of March 2014 was
1.1 per million hours worked.
:::
http://translate.google.de/translate?sl=en&tl=de&js=y&prev=_…
30th Quarterly Activities Report
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=795097
:::
30th Trading Halt
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=794750
:::
http://translate.google.de/translate?sl=en&tl=de&js=y&prev=_…
Grüsse JoJo
April 2014
30th Quarterly Cashflow Report
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=795095
QUARTERLY REPORT
FOR THE PERIOD ENDING 31 MARCH 2014
__________________________________________________________________________________________________
HIGHLIGHTS
During the March 2014 quarter, Lynas made significant progress towards achieving its
targeted 11,000tpa REO production rate. As previously announced, production and sales in
the March quarter increased to record levels, consistent with prior guidance.
Total tonnes produced for the quarter were 1,089 tonnes, on an REO equivalent basis, a
47% increase on the prior quarter. Total tonnes shipped were 751 tonnes, on an REO
equivalent basis, up 84% on the prior quarter. In addition, production in the month of March
totalled 575 tonnes, 62% higher than the previous monthly record. Timing of customer
delivery accounts for the variance between production and sales volumes.
The average selling price increased by 5% to US$22.63/kg REO (revenue basis), from
US$21.48/kg REO (revenue basis) in the prior quarter. The Company enjoyed a favourable
product mix in the quarter, resulting in the average selling price representing a premium to
the market price.
Lynas has achieved further improvement in performance in all operational areas
subsequent to the end of the quarter. Production in April 2014 is expected to be
approximately 700 tonnes, more than 20% higher than the previous record month in March
2014. Management is confident of achieving the targeted production run rate of 11,000tpa
REO from the LAMP on a sustainable basis during the June 2014 quarter.
The 12-month rolling Lost Time Injury Frequency Rate as at the end of March 2014 was
1.1 per million hours worked.
:::
http://translate.google.de/translate?sl=en&tl=de&js=y&prev=_…
30th Quarterly Activities Report
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=795097
:::
30th Trading Halt
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=794750
:::
http://translate.google.de/translate?sl=en&tl=de&js=y&prev=_…
Grüsse JoJo
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