"In particular,the demand from our Japanese customers is strong and demand is strong inside China."
The news sent Lynas shares to its highest levels since 2013 with the stock topping $3.85,they closed the session 1.1 per cent higher at $3.69. However,Ms Lacaze had to field a number of questions at the AGM about Lynas raising $425 million at $2.30 a share in August to fund its new processing facilities in Kalgoorlie and US expansion,rather than using debt.
"We felt that equity funding was the right path,"she said.
"You don't want us to be in that sort of debt mess again,I got to tell you. I don't want to be in that debt mess again,"said Ms Lacaze about the company's debt woes,which would have led to its collapse if not for the support of Japanese government agencies.
"The fact that shares are trading more than 60 per cent above the raising price vindicates the board's decision as it demonstrates the company has not destroyed our equity foundation in this business."