WA rare earths players to visit Europe

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The WA Chamber of Minerals and Energy and the state’s key rare earths players will travel to Europe next month to meet international investors.

The West Australian reports the CME-led group will include representatives from Lynas Corporation, Galaxy Resources, Hastings Rare Metals, Reed Resources, and other companies and stakeholders.

The group will meet European car manufacturers and other businesses looking to rare earths for the next generation of hybrid vehicles.

According to The West Australian the trip will focus on Germany but also take in France and Britain.

CME CEO Reg Howard-Smith said Germany was particularly keen on investing in rare earths.

"Germany is keen not just to buy rare earths but to be involved, to invest in the industry and to apply their technology to the production of rare earths and lithium," he said.

Howard-Smith said the trip was about "partnerships and collaboration" and joint ventures, partnerships, and other investments could be on the table.

The news comes as Lynas announces its rare earths processing plant in Malaysia will be ready within a fortnight.

According to Bloomberg Lynas Malaysia managing director Mashal Ahmad told reporters while the plant would soon be ready delays had impacted the company "very seriously".

The Lynas plant has faced significant opposition from Malaysian locals and the Opposition Government has vowed to force the company offshore if they win power.

Lynas shares have lost 51 per cent over the past year with local protestors leading court challenges, Government reviews, and demonstrations against the company.

But last week Foster Stockbroking rated the company a buy and said it was on track to resolve most problems

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