Lynas to avoid rare earths ‘price casino’

Posted on November 22, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

#Australian miner #Lynas Corporation said it is striving for price stability in the volatile #RareEarths market, moving to fixed contracts and other arrangements with a number of customers rather than continuing to “play at the rare earths price casino”.

Lynas chief executive #AmandaLacaze told shareholders at today’s annual general meeting the company was facing a new set of challengers in the 2016 financial year, after a tough slog of improving internal operations over the prior fiscal period.