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  • REE/Strategic Minerals Concentrator, March 29, 2013 [View instapost]

    By Daniel Inman

    Malaysian stocks surged on Monday to a record high and the currency jumped after the ruling party Sunday retained power in country's general elections, reassuring investors who had worried about a potential change of government.

    The Bursa Malaysia KLCI was up 3% at 1745.43, while the ringgit rose to the highest mark in almost two years against the dollar. The stock market had been stalled all year in anticipation of the elections and the move upward was seen by analysts as a strengthening of Prime Minister's Najib Razak's political coalition and a vote for continuing his fiscal reforms.

    "The political status quo will remain in Malaysia after all, despite all the excitement over a possible sea-change," HSBC economist Su Sian Lim wrote in a research note.

    Elsewhere in Asia, markets also moved higher following strong employment data in the U.S. that led to another record-breaking session on Wall Street.

    The U.S. added more jobs than expected in April, according to a Labor Department report released on Friday. The data was taken as further evidence of a continued recovery in the world's largest economy, pushing the Dow Jones Industrial Average to a fresh record high during the final trading session of the week.

    The U.S. dollar climbed 1.1% against the yen on Friday, but started the new week only a touch higher, at Y99.07. With Japanese markets closed for a public holiday on Monday, trading of the yen is expected to remain quiet in Asia.

    Australia's S&P/ASX 200 added 1%. Mining stocks made strong gains, responding favorably to an increase in commodity prices on Friday following the U.S. jobs report. Rio Tinto jumped 3.3% and BHP Billiton rose 2.6%.

    Metal companies also made substantial gains in China, where the Shanghai Composite climbed 0.4%. Jiangxi Copper Co. jumped up 4.6% and Yunnan Copper Co. added 3.7%.

    Markets were also looking ahead to economic data from China, with trade and inflation figures scheduled for release on Wednesday and Thursday respectively. A strong result could help maintain a recovery in Hong Kong, where the Hang Seng Index has risen for eight of the last ten sessions.

    On Monday, the Hang Seng index continued its advance by climbing another 1%.

    Galaxy Entertainment rose 2.6% in Hong Kong after the gaming company paid HK$3.25 billion to acquire a casino from Get Nice Holdings, which also jumped 11.3% higher.

    Central banks in both Australia and South Korea are scheduled to hold policy meetings this week. The Reserve Bank of Australia will announce its rate decision on Tuesday, which will be followed by the Bank of Korea's policy decision on Thursday.

    South Korea's Kospi Composite was 0.4% higher.

    Write to Daniel Inman at

    TALK BACK: We invite readers to send us comments on this or other financial news topics. Please email us at TalkbackAsia@dowjones.... Readers should include their full names, work or home addresses and telephone numbers for verification purposes. We reserve the right to edit and publish your comments along with your name; we reserve the right not to publish reader comments.
    May 6, 2013. 03:44 AM | 4 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, March 29, 2013 [View instapost]

    We believe that the opposition had been softening its stance against the Lynas rare earths plant in Malaysia. The incumbent party victory is a positive, but a contested victory is likely to see some continued anti Lynas rhetoric. Ultimately, the market will judge Lynas on is profitability as the plant ramps up. The ramp up appears to be going very well, and should drive the share price in the near term.

    The Chinese Domestic RE market remains stable at levels below those in our model, but it is likely that the company will sell at some premium to the published.
    May 6, 2013. 03:23 AM | 4 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, March 29, 2013 [View instapost]

    INVESTORS appear to believe that Australian rare-earth producer Lynas was also a big winner in Malaysia's election yesterday.
    Shares in Sydney-based Lynas jumped as much as 20 per cent today after Prime Minister Najib Razak won a tightly fought election.

    Lynas has been engaged in a long battle over the company's $800 million rare-earth refinery in Mr Najib's home state of Pahang.

    Mr Najib's government has largely supported the plant, while the Anwar Ibrahim-led opposition vowed during the election campaign to review the project and maybe shut it down.

    Activists have expressed concern about how the company will handle the low-grade radioactive waste that comes from processing rare-earth elements. The company and the Malaysian government say the plant is safe.

    Lynas hopes to become one of the world's top producers of rare earths, 17 elements crucial to the manufacturing of high-tech products ranging from iPhones to missiles.

    ...After a five-year wait, Lynas received a temporary operating licence from the Malaysian government in September, but has faced legal challenges since.

    Malaysia's highest court last month dismissed an appeal against the decision to allow Lynas to operate the refinery, which was opened in November and produced its first rare earths in February.

    Lynas shares had lost more than 13 per cent year-to-date before the election.

    "The return to office - albeit at a reduced majority - should alleviate some of the uncertainty we had anticipated if the opposition had won, or if the result was hung," brokerage BBY institutional dealer Anson Rosewall said.
    May 6, 2013. 02:33 AM | 4 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, March 29, 2013 [View instapost]
    Here is the question that Eric revealed abit more then he should have and it wasnt stated in the quarterly report:

    “literally on the back of an envelope when Eric Noyrez did state when prodded by Chris Terry from Deutsche that phase 2 was in play and contracted (sic) and I believe he used the words phase two 8500 tonnes plus a bit more of it has been contracted....I am racking my brain trying to remember exactly but Eric intimated that he had an interested party for volume above 8500 for p2. “
    Apr 23, 2013. 11:42 PM | 4 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, March 29, 2013 [View instapost]
    Thank you Wind,

    Guys I have listened to the conference the stupid company cut off the question and Answers section of the talk which WAS THE MEAT of the session. There was a question asked by an analyst which Eric Noyrez revealed more then he should which in my opinion made them cut out the QA part. When I get some clarification I will post the question and answer here.
    Apr 23, 2013. 09:17 PM | 4 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, March 29, 2013 [View instapost]
    Hi Guys i click on quarterly calls and the latest Audio is on 31st March. Where are you getting the 19th of April audio?
    Apr 22, 2013. 11:08 PM | 1 Like Like |Link to Comment
  • REE/Strategic Minerals Concentrator, March 29, 2013 [View instapost]
    Hi Guys,

    If you have any questions for any info with regards to Lynas please let me know and I will endeavour to give my best answer. My family has been in the REE industry since 1990 working on the Mount Weld deposit and figuring out the technology extraction process for the deposit. Chihawk and I have pretty much known each other for almost 3 years now and we share a mutual respect for one another discussing anything REE under the sun. Pretty much happy to discuss anything about ree especially Australian ree companies except for extraction process as it deemed to be confidential info and plus I don’t want to get into trouble. I am happy to come back to this group as the American posters here more friendly to people and if they are not, they have hardtolove to deal with =).
    Apr 17, 2013. 03:59 AM | 9 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, March 29, 2013 [View instapost]
    ungawah, just out of curiosity you have read my posts on Hotcopper? Sounds like you know what i am about.

    Also tripleblack sorry i have two accounts on your forum as i forgotten my passwords to the original one then created another account to keep in touch with you guys
    Apr 16, 2013. 02:33 AM | 5 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, March 29, 2013 [View instapost]

    NO CONTEST- A host of initiatives by the government contrasts starkly with a non-performing opposition
    IT was a breezy hot Saturday afternoon at Kampung Pasir Garam, a coastal village in Beserah, Pahang. Inside an old wooden house used as a keropok making facility, three women were planning to make an 8km trip to Kuantan later at night.

    The women wanted to be at the municipal council field where Datuk Seri Najib Razak would hold the last leg of his nationwide Jelajah Jangi Ditepati (JJD) tour after Maghrib prayers.

    One of them described the prime minister as a caring and generous leader, citing payments made to the people under various government schemes.
    "I got the RM500 BR1M money recently. So, did many others in this village," said 35-year-old Sarifah Nor Ezan Syed Anwar, as she packed the crackers into clear plastic bags.

    Villagers in Beserah, a state seat in Indera Mahkota that fell to Pas in 2008, are thankful for the various aid provided by the Barisan Nasional ( government.

    While both BN and Pakatan Rakyat claim they can form the state government after GE13, Pahang Menteri Besar Datuk Seri Adnan Yaakob insists that BN will make a clean sweep this time, due to the people's genuine desire for absolute victory for the ruling coalition.

    Pakatan harbours hopes of taking more Chinese-majority parliamentary seats, like Raub and Jerantut, to add to currently held Kuantan and Indera Mahkota, along with a couple more state seats. It hopes to retain Tras and Triang state seats, both won by DAP, while Pas-held Beserah and Kuala Semantan appear quite shaky.

    Fuziah Salleh, the Kuantan member of parliament and a firm critic of the Lynas Advanced Materials Plant (LAMP) -- Australian miner Lynas Corp's rare earth refinery in Gebeng industrial area -- admitted facing a tough battle to retain her seat.

    The PKR vice-president believes sentiment on Lynas would work to her advantage, but she's worried about new voters, especially the more than 8,000 who would be voting for the first time in her constituency.

    In 2008 she defeated incumbent Kuantan MP Datuk Fu Ah Kiow by a margin of just 1,826 votes, after two failed attempts in 1999 and 2004.

    Ironically, the three state seats in the constituency -- Teruntum, Tanjung Lumpur and Inderapura -- remain BN strongholds.

    "Some of my votes in 2008 came from BN supporters. Now there are also new voters in my constituency. It will be tough," she said over breakfast in Kuantan on Saturday.

    Kuantan has always been a BN stronghold -- except in 1969, when Parti Sosialis Rakyat Malaysia won a seat in the state capital, and when Fuziah won in 2008.

    While some BN leaders outside Pahang might be concerned with the impact the Lynas issue will have come polling day, local politicians from both sides will tell you that for voters in Kuantan and Indera Mahkota, especially the Malays who live in the vicinity of the plant in Gebeng, the refinery is not considered a major issue.

    Ali Ahmad, a taxi driver and a voter in Indera Mahkota, said the Malays -- the largest bloc of voters in these two constituencies -- appeared to trust the government that Lynas was safe.

    The Chinese, however, cite the health problems related to the Asian Rare Earth project in Perak and identify with the struggle of anti-Lynas groups, like Himpunan Hijau, he added.

    But an Umno leader said there was a 65 per cent chance that BN would wrest Indera Mahkota, as its "missing in action" MP Azan Ismail is not defending his seat, but contesting in Terengganu, where he hails from.

    Himpunan Hijau chairman and recently-announced DAP candidate Wong Tack's attempt to wrest the Bentong parliamentary seat from MCA vice-president and Health Minister Datuk Seri Liow Tiong Lai, meanwhile, is unlikely to succeed even though Bentong is his hometown.
    Najib's detractors, as expected, were quick to accuse the government of trying to woo voters with a package of goodies announced at the JJD in Kuantan.
    The prime minister had, among others, pledged RM50 million to improve the road system and RM50 million to end the long-standing flash flood woes in Kuantan. He also announced an additional RM3 million for the construction of a private Chinese school in Kuantan.
    The proposed construction of 20,000 units of affordable homes in Kuantan, Paya Besar and Indera Mahkota were also questioned, when in fact, the facility is meant to cater to the rising need for housing and to support the robust growth in the East Coast Economic Region.
    The opposition's concern, naturally, was that the allocations would further boost the Pahang people's confidence in the government, said Datuk Mohd Soffi Abdul Razak, chair of the state Housing, Basic Amenities and Transportation Committee.
    The 2008 general election saw BN winning 37 of the 42 state seats and 12 of the 14 parliamentary seats. BN's state seats increased to 38 after independent candidate, Datuk Ho Yip Kap, who won in Tanah Rata, joined Gerakan in 2010.
    BN returned a strong government in Pahang in 2008. It should be able to retain its two-thirds majority in the 42-seat state assembly.
    - New Straits Times
    Apr 15, 2013. 04:29 AM | 9 Likes Like |Link to Comment
  • REE/Strategic Mineral Concentrator, July 5, 2011 [View instapost]
    Mount Weld REE Price creeps up to $210 per kg
    Jul 7, 2011. 10:08 AM | 9 Likes Like |Link to Comment
  • REE/Strategic Mineral Concentrator, July 5, 2011 [View instapost]

    Lynas Corp will team up with Siemens in a joint venture that will help the German technology giant secure a long-term source of supply-constrained rare earth elements, coveted for their use in hybrid car engines, smartphones, iPads and other modern technologies.
    The two companies have signed a letter of intent to form a joint venture, of which Siemens will own 55 per cent, that will specialise in the production of high-powered rare earth magnets used in energy-efficient engines and wind turbines.
    ‘‘This planned joint venture would be an important strategic pillar for us to pursue a long-term and stable supply with high performance magnets,’’ Ralf-Michael Franke, chief executive of Siemens’ drive technologies division, said.
    Advertisement: Story continues below
    The chief executive of Lynas, Nicholas Curtis, said the deal was part of its strategic objective to become integrated into the supply chains of its end customers.
    ‘‘It’s strategically, in my opinion, very significant in that it sets a direction to say that we are using our first-mover position to establish strategic alliances,’’ Mr Curtis said.
    Mr Curtis said Siemens – and major Japanese investor Sojitz – were satisfied with the environmental credentials of Lynas, despite a large amount of negative publicity generated from its plans to build the world’s largest rare earth refinery in Malaysia.
    ‘‘[Siemens have] reviewed it fully, they understand and are comfortable with the reality of our operations, as are the Japanese,’’ Mr Curtis said.
    ‘‘You can’t go into the windfarm business based on an unsustainable environmental platform. It’s absolutely critical for them for this platform to be green.’’
    Siemens employs 36,000 staff in its drive technologies division, which generated 7 billion euro ($9.34 billion) in sales and is a heavy innovator in energy efficient technologies.
    China dominates 97 per cent of the world's rare earth production and has imposed export quotas in recent months, sparking a global rush to find alternative sources for the valuable elements.

    Read more:
    Jul 7, 2011. 10:05 AM | 8 Likes Like |Link to Comment
  • Rare Earth Stocks Not Reflecting Supply Demand Constraints [View article]
    Infostock, do you have a link somewhere that i can rad that states that Lynas is in talks with the government to turn thorium into fuel rods?.

    Many thanks in advance
    May 22, 2011. 07:36 AM | 2 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, May 17, 2011 [View instapost]
    Hi Aqwert,

    Precisely i don't see the US economy been taken off life support. The Republican will change their mind the last minute giving the US economy the much need drug called debt. Also i know as soon as QE2 is stopped the economy in the US is going to just crash because who is going to be buying the US bonds? I know the Chinese definitely don't. I am bullish commodities.
    May 18, 2011. 09:46 AM | 4 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, May 17, 2011 [View instapost]
    But anyways good luck the the both of us

    (With me a little bit more =))
    May 18, 2011. 09:06 AM | 3 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, May 17, 2011 [View instapost]

    I have to respectfully disagree with you with regards to this comment. I am as bullish on commodities as ever after this report has been released.

    Money-hungry US to hit borrowing cap
    By Paul Handley (AFP) – 3 days ago

    WASHINGTON — The debt-laden US government's credit card will hit its limit Monday, creating a cash crunch that puts the country's credit standing at risk as politicians battle over its long-term deficit.

    US President Barack Obama warned if no deal is brokered on raising the $14.29 trillion debt ceiling set by Congress then the United States risked plunging back into recession.

    "If investors around the world thought that the full faith and credit of the United States was not being backed up, if they thought that we might renege on our IOUs, it could unravel the entire financial system," Obama warned at a CBS town hall meeting broadcast on Sunday........
    May 18, 2011. 09:05 AM | 3 Likes Like |Link to Comment