Avalon Rare Metals CEO Don Bubar states that the Toronto-based company plans to produce separated rare-earth elements by 2016. With demand increasing by around 9%/pa during the past few years, the market for rare-earth metals will increase as China constricts its exports. Avalon is "five years down a 10-year timeline" to getting its rare-earth deposit into production, according to Bubar. The Canadian REE mining projects have the potential to deliver a large quantity and full spectrum of rare-earth metals. "There's nobody else in the world that offers that potential to bring heavy rare earths to the market in a significant quantity by 2015." he said. Avalon's Nechalacho mine has more than 20M/t reserves, and Bubar believes it is the most advanced REE project in Canada. For more information, please visit: www.avalonraremetals.com
