Corporate Presentation November 1, 2011 - Avalon Rare Metals
Corporate Presentation November 1, 2011 - Avalon Rare Metals
Corporate Presentation November 1, 2011 - Avalon Rare Metals
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36<br />
Recent Developments in REE Markets<br />
● China increases second half <strong>2011</strong> quotas by 8.9% (from the first half <strong>2011</strong> quotas)<br />
for a total of 15,738 tonnes<br />
● In the past six months Individual REE oxide prices have risen dramatically outside<br />
China and inside China as well<br />
● Siemens and Lynas sign a letter of intent for future magnet production<br />
● <strong>Avalon</strong> signs MOU’s about off-take and investment with four Asian industrials<br />
● Frontier Resources and Korean Resources Corporation sign strategic partnership<br />
● Production of dysprosium temporarily halted in three South China mining districts<br />
● China rolls out nationwide resource tax from Nov 1, <strong>2011</strong>; REE taxed at between<br />
0.40 to 60.00 yuan a tonne based on the volume of production