LYC 0.90% $7.70 lynas rare earths limited

growing competition

  1. y39
    318 Posts.

    China promoting production of rare earth materials elsewhere in the world, reasonable to predict prices will rise soon.

    “China’s state-run newspaper Xinhua reported that China’s own miners were reducing production, as “rising overseas suppliers chip away at their dominance in the global market.” Analysts believe the state-mandated production cut is a move by Chinese authorities to recreate the 2011 price inflation.”

    china-builds-rare-earth-mineral-monopoly-amid-growing-competition
    thepochtimes,com
 
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