Agree in basics, but nothing goes in a straight line, and I believe that prices will drop in the future, just not back to the old levels.
Also, China can easily manipulate the market, by just announcing an easing in quotas. They don't have to follow through, just say the words!
rare earth prices won't drop..., page-2
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$7.76 |
Change
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| Open | High | Low | Value | Volume |
| $7.72 | $7.90 | $7.70 | $22.34M | 2.868M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4481 | $7.76 |
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| Price($) | Vol. | No. |
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| $7.78 | 14225 | 2 |
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| LYC (ASX) Chart |