SOURCE: The Bedford Report

The Bedford Report

April 12, 2011 08:16 ET

Lynas and Molycorp Soon to Become Key Rare Earth Players

The Bedford Report Provides Analyst Research on Lynas Corporation & Molycorp

NEW YORK, NY--(Marketwire - Apr 12, 2011) - It is estimated that China holds about 30 per cent of the world's rare earth deposits, but accounts for over 95 percent of global production. Demand for the metals is expected to surge going forward, as the elements are an integral part of modern technology. With China cutting rare earth quotas, and imposing heavier taxes, consensus is that North American rare earth explorers stand to benefit. The Bedford Report examines the Rare Earth Elements Industry and provides research reports on Lynas Corporation Limited (PINKSHEETS: LYSCF) and Molycorp, Inc. (NYSE: MCP). Access to the full company reports can be found at:

Mark Smith, CEO of Molycorp, explains that "unless alternative sources for rare earths are brought on, we are going to have a very significant shortfall in terms of how much material is available versus how much we need." Late in 2010, China announced that it would cut its export quotas by 35 percent year-on-year for the first half of 2011.

North American and Australian companies are making efforts to begin producing rare earths as there are currently no separation facilities for the all-important "heavy" rare earths outside of China.

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Colorado-based Molycorp recently announced plans to double production in its California mine by the end of 2013. Molycorp's Mountain Pass mine produces about 3 percent of the world's rare earths from stockpiled concentrate, but the company plans to eventually turn out a quarter of the total supply.

Australia-based Lynas Corporation owns rich rare earth deposits, and expects to begin production in the shortest time of all non-Chinese producers. Shares of the company surged last month after it announced that it struck a $20.7 million deal with fellow explorer Forge Resources to develop two of its rare earth deposits.

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