"Karayannopoulos maintains his belief that demand should improve in the second half of the year. In the second quarter, he explained that companies allowed inventories to remain at depleted levels, only buying what was needed to match current production needs. As demand returns and prices strengthen, companies should look to Molycorp to replenish depleted inventories."
"One of the drivers of increased demand, according to Karayannopoulos, is improved control by the Chinese government over illegal production, smuggling and environmental practices: "The progress that China is making in this area should help deliver greater stability and predictability to markets which is good for the industry as a whole." This greater stability may have led to a slight uptick in prices recently."
Full article...
http://www.fool.com/investing/general/2013/08/19/are-molycorp-and-rare-earth-metals-ready-to-run.aspx
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1 | 769 | 7.770 |
5 | 20462 | 7.760 |
8 | 42388 | 7.750 |
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Price($) | Vol. | No. |
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7.830 | 15412 | 3 |
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