EDITOR: | October 8th, 2015 | 11 Comments

Lifton on the “most interesting panel ever seen” at the Global Technology Metals Market summit

| October 08, 2015 | 11 Comments
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October 6, 2015 — In a special InvestorIntel interview, Publisher Tracy Weslosky speaks with Jack Lifton, Sr. Editor for InvestorIntel about the upcoming Global Technology Metals Market summit on Wednesday, October 14th he will be presenting his thoughts on how the financial world views the resource world.  He then discusses the significance of the recent strategic materials research contract announced by Texas Rare Earth Resources with the U.S. Defense Logistics Agency. Jack also discusses the panel he describes as the “most interesting one he has ever seen” titled Innovative processing for the technology metals market that will be moderated by Dr. Luc Duchesne and Pol Le Roux at next week’s event and touches on his thoughts on Lynas.

Tracy Weslosky: I’m going to start with a, I can’t wait to see you this next week at the Technology Metals Summit. Can you give us a glimpse into what you’re going to be talking about?

Jack Lifton: I’ve decided to talk about how the financial world views the resource world. There’s isn’t very much understanding in finance. I’d like to make the point that the Chinese seem to understand this a lot better than we do, how to finance companies that make critical materials for our society. Never mind the share prices and the pumps and the promotion and all of that. We really need to get these companies financed. I’ve changed my mind now after 75 years. I’ve decided that national governments should indeed invest in these resources. I’m going to talk a little about that.

Tracy Weslosky: Okay. Speaking of governments, I want to ask you because I know you sit on the board, board of directors for Texas Rare Earth Resources, and they’ve just announced a deal with the U.S. Defense Logistics Agency. I understand that this is the first time they’ve ever awarded a contract like this before. Talk to me about this.

Jack Lifton: It’s certainly the first one ever in the rare earths field. I wouldn’t know about the actual history. The point of this contract is to determine whether or not continuous ion chromatography is an effective and economical means of recovering rare earths from deposits such as Texas Rare Earth’s. To me it’s the first I’ve ever heard of this although I understand in World War Two they might have awarded similar contracts to the ancestor of this agency. People have to understand this is not just an award to Texas Rare Earth’s to supply a few grams of yttrium. This is in fact the agency determining whether or not Texas Rare Earth is on the right path to develop its project with the right non-traditional technology, which is continuous ion chromatography. I understand that the originator of that technology will be a panelist next week at the conference. Is that correct?

Tracy Weslosky: It is correct. I was just about to say, I’m kind of putting you in the hot seat here Jack because what we have next week is we’re going to have a number of the top disruptive, innovative and revolutionary and ground-breaking rare earth extraction technology representatives all on the same panel.

Jack Lifton: Right.

Tracy Weslosky: Now, can I get you to comment on how you think that’s going to go down?

Jack Lifton: It’s all a matter of economics. The three technologies I’m looking at are MRT, the technology being developed for Ucore Rare Metals, the continuous ion chromatography that’s being developed for Texas Rare Earth and what I call targeted solvent extraction, which is the very modern variation of solvent extraction that has been developed by Rare Element Resources…to access the complete interview click here or for more information on the Global Technology Metals Summit, go to TechnologyMetals.com


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Comments

  • Jeff Thompson

    Great interview. The panel among the three complimentary separation techniques in development should be very interesting, and I think they truly should be considered complimentary and not competitive, because the United States, and much of the rest of the world for that matter, needs these sorts of efficiency improvements for both economic reasons and environmental ones. Hopefully Texas Rare Earth’s DLA contract will open the door to greater government participation in the rare earth industry, both for TRER itself and also for the other North American companies pursuing their own strategies. Separately, I think the summit also presents a good opportunity for TRER’s to highlight some of it’s other non-REE assets such as scandium, uranium, beryllium, and lithium that may help offset larger institutional investors’ concerns (who are considering funding capex) about being too exposed to only rare earth prices by highlighting the multi-metallic nature of the deposit, similar to Alkane in Australia but with lower capex, and the diversification that provides to investors weighing their options.
    Regards,
    Jeff Thompson

    October 8, 2015 - 7:58 PM

  • Robert Richardson

    Gee Jack, I’m really pleased at your very positive comments about the Lynas LAMP ‘world’s largest and most efficient LRE production facility’ in Malaysia, and for reminding us that the Japanese have invested heavily in The LAMP to ensure its success over the longer term.
    Also especially gratifying is the the ‘Stop Lynas’ politically inspired opposition to the LAMP, always on totally false and spurious environmental grounds, has just had their last and final case thrown out by the court, with costs.
    Interesting also is the news of a recent serious fire in the Baotou Huamei Rare Earth High-tech Co. on October 7th. ‘The fire was reported in rare earth extraction workshop and caused large-area collapse of workshop. There were no casualties.’
    This would appear to be a serious disruption of Bautou solvent extraction. Might it possibly trigger a much-needed increase in RE prices?

    October 9, 2015 - 6:51 AM

  • Jack Lifton

    Robert,

    There is a financial promotional system in the USA that allows regional gasoline stations to raise their price if there is a “fire” at a regional refinery. This system depends on the stupidity of the public, which is led to believe that there is no national system for delivering automotive fuel.
    The same holds for the global oil market, which the esteemed genius, Barack Obama, does not seem to understand at all.
    As for the rare earths I doubt that a fire at ONE of many many SX plants in Baotou makes any difference in overall supply to a system already loaded with unsold inventory.
    However I do not doubt that rare earth traders will be talking of a supply “interruption.” Most customers for rare earths know that it is the supply of bullshit that is in danger of interruption not that of the rare earths. So, no the “fire” shouldn’t have any affect on market prices, but it might…

    Jack

    October 9, 2015 - 7:02 AM

  • Tim Ainsworth

    Yep Jack, no doubt plenty of inventory in the system but Huamei could represent as much as 30% of Baotou production on these dated quota numbers:

    asianmetal.com/news/viewNews.am?newsId=874073

    How long to rebuild an SX circuit, with Chinese characteristics?

    October 9, 2015 - 7:37 AM

  • William (Bill) Fleming

    Jack,

    Great interview on technology metals…..what are your thoughts on Antimony as a strategic technology metal especially as it applies to Magnesium–Antimony Liquid Metal Battery for future Stationary Energy Storage.

    Bill

    October 9, 2015 - 4:06 PM

  • Tim Ainsworth

    BEIJING Asian Metal 10 Oct 15 – Chinese NdFeB magnet producers disclosed to Asian Metal that it was hard for them to purchase PrNd mischmetal after the National Day holiday Oct. 1st-7th. As a major separation plant suffered a fire on October 7th and it is said the group will halt production in the coming days, suppliers believe the prices for PrNd related products will increase at least in the coming two weeks and are reluctant to sell these materials. Some producers have halted making quotations. Current PrNd mischmetal offer and prices are around RMB315,000t USD49,607t by bill payment and RMB308,000-313,000t USD48,504-49,291t by bill payment, with a same increase of around RMB5,000t USD7…

    Ultimately prices will respond to underlying demand but is this perhaps the unlikely catalyst to move prices back to a more economically viable basis?

    October 10, 2015 - 2:14 AM

  • Jeff Thompson

    Yes, this does have potential to be the catalyst, but let’s just hope that with a fire in one of the “legal” production facilities that it doesn’t push more supply into the “illegal” production routes, or as Jack more accurately described it, the “off the books” production routes.

    October 10, 2015 - 12:27 PM

  • Tracy Weslosky

    Thank you Jack for your engaging commentary on this incredible last minute gathering of the technology metals sector on Wednesday, October 14th in Toronto (www.TechnologyMetals.com). Note that we now have EIGHT panelists and TWO moderators on this unquestionably exciting panel titled “Innovative processing for the technology metals market”.

    This panel is 90 minutes due to the volume of participants and will be from 4-5:30 PM. Yes, we will film, edit and rebroadcast on InvestorIntel on a later date…please contact Sue@InvestorIntel.com for more information.

    Co-Moderators:
    Dr. Luc Duchesne, Sr. Editor InvestorIntel
    Pol Le Roux, Vice President Sales and Marketing Lynas Corporation Ltd.
    Panelists:
     Jaye T. Pickarts, P.E., COO Rare Element Resources Ltd.
     Neil Izatt IBC Advanced Technologies (Ucore Rare Metals)
     Dr. David Dreisinger, Vice President, Metallurgy Search Minerals Inc.
     Patrick Wong, CEO & Director Innovations Metals Corp.
     Kiril Mugerman, President & CEO GeoMegA Resources Inc.
     Wes Berry, Vice President & CTO K-Technologies, Inc. (Texas Rare Earth Resources)
     Cameron Davies, COO Rare Earth Salts

    October 11, 2015 - 12:36 PM

  • JOE O

    Jack
    Slightly off topic. I thought u mentioned during the last couple months
    getting some updates re: REE and TAS
    Havent heard much about either company for awhile
    thanks
    Joe

    October 12, 2015 - 4:22 PM

  • Tim Ainsworth

    Sheer coincidence:
    BEIJING Asian Metal 13 Oct 15- China North Rare Earth Group High-tech Co., Ltd. “North Rare Earth” for short announced that the company will reduce their annual rare earth oxides’ production to around 10% lower than their mandatory plan for rare earth oxides in 2015 to support the prices owing to the persistently poor demand and low price levels.

    October 14, 2015 - 2:07 AM

  • JOE O

    any reports re: Market summit?

    October 20, 2015 - 7:08 PM

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