|Day's Range||0.072 - 0.078|
|52 Week Range||0.040 - 0.110|
|PE Ratio (TTM)||-8.00|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Canada's Mkango Resources , one of a handful of rare earth miners outside China, aims to start production in Malawi in 2020 to catch an expected leap in demand for the metals that are used in electric vehicles and other new technologies. Demand for rare earths, which range from neodymium used in electric motors to lanthanum used to make batteries, is increasing with the emergence of new, greener technology.
MELBOURNE/BEIJING, Feb 2 (Reuters) - China plans to boost its crackdown on illegal mining of rare earths by setting up a system to certify the origin of supplies of the materials, used in everything from fighter jets to mobile phones. Illegal Chinese output and smuggling have helped drag global rare earth prices to their lowest in around six years, hitting legitimate producers hard inside and outside China, which churns out 90 percent of the world's supply. "There's a reasonable level of agitation in every part of the supply chain which is saying (the industry situation) is not good," said Amanda Lacaze, chief executive of Australia's Lynas Corp, the only remaining rare earths miner outside China.
Lynas Corporation Ltd (ASX: LYC) saw its share heavily sold off this afternoon, despite no news from the company