APAC / March 2017 59 K Company: Arafura Resources Limited Name: Gavin Lockyer (Managing Director) Email: [email protected] Web Address: www.arultd.com Address: Level 3, 263 Adelaide Terrace, Perth, WA, 6000. Australia Telephone: +61 8 6210 7666 Twitter: @ARULtd An Insight into the Rare Earth Industry g “Our aim is to position the Company to capitalise on the anticipated rise in NdPr prices by readying Nolans for final execution. By this time next year, I’m confident we will look back with a great deal of satisfaction on our success in this regard. “The rare earths business has certainly seen its ups and downs over the past decade, and changes aplenty, but one thing’s for certain: China will continue to dominate the sector in both supply and, increasingly, demand. Some commentators are even forecasting that China will soon be a net importer of certain rare earths – and that includes NdPr. I believe that the sector is entering a new golden phase that will be driven by society’s desire for responsible development, and lifestyle considerations that reduce our impact on the environment. Clean energy and the electrification of the transport sector are just two drivers of increased demand for NdPr in the medium term, and as in the past, we can only imagine what the future holds in the development of new uses for NdPr and other rare earths.” “The more things change, the more they stay the same”.