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Lecture-The Rare Earth Crisis – A Western PerspectiveTopic : The Rare Earth Crisis – A Western Perspective Speaker: Dr. Stan Trout Time: 9:00am on 22 Apr. 2011 Place: Room A5 at MIMTE, CAS Abstract Outside of China, production of rare earth concentrates, rare earth magnets and all intermediate products in the rest of the World has languished over the last two decades. The recent confluence of strong international demand, coupled with environmental, production and export constraints in China have led to increased rare earth prices and raised concerns about their future availability. This crisis creates a once in a lifetime opportunity for every rare earth deposit owner to reexamine their business model and to plan for the future. A key obstacle in any analysis is the prevailing paradigm which asserts that competing with the Chinese is futile because their labor is so inexpensive. We will show that this idea is not universally true, by describing the salient features of the current rare earth situation and explaining Molycorp’s new paradigm. Biography A. Appointments l MOLYCORP, INC., Greenwood Village, CO, Fairfield, NJ, White Plains, NY Director Magnet Business [2010 to date] Responsible for directing the metal, alloy and magnet processes for the company’s “Mine to Magnets” business strategy l ALMA COLLEGE, Alma, MI [2006 to 2007] Visiting Assistant Professor of Physics l MAGNETICS MAGAZINE, Greenwood Village, CO [2005 to date] Contributing Editor Writer of the Spontaneous Thoughts column l MARIAN COLLEGE, Indianapolis, IN [2002 to 2010] Adjunct Lecturer in Physics l MAGNEQUENCH INTERNATIONAL, INC., Anderson, IN [1997 to 2001] Applications Engineer l HITACHI MAGNETICS CORP., Edmore, MI [1984 to 1988] (closed July 2005) Senior Development Engineer l CRUCIBLE MAGNETICS, Elizabethtown, KY [1982 to 1984] (Became Vacuumschmelze and closed in December 2003) Manager of Rare Earth Technology l RECOMA, INC., Fairfield, NJ [1979 to 1982] (Became Precision Magnetics) Manager of Materials Development, Design Engineering and Quality Control B. Education l UNIVERSITY OF PENNSYLVANIA, Philadelphia, PA [1974 to 1979] Research Fellowship in Metallurgy and Materials Science Ph.D.: Magnetocrystalline Anisotropy, Magnetostriction and Saturation Magnetization of SmCo5 Single Crystals l LAFAYETTE COLLEGE, Easton, PA [1969 to 1973] B.S. Physics with Honors, nine semesters of Mathematics. Set up high pressure viscometer. Teaching Assistant. |
