Rare-Earths Supply Will Fall Short of Demand to 2014, Lynas Says
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Global supplies of rare-earth elements will fall short of demand, which will grow by an average of 9 percent annually to the year 2014, Lynas Corp. said yesterday.
Total demand for the group of elements, used in products such as industrial magnets, flat-screen TVs, and military weapons systems, is likely to grow to 190,100 metric tons in 2014, from an expected 136,100 tons this year, Lynas, a Sydney- based, rare-earths developer, said in a presentation.