Full news as to why lyc and rare earth price will go up : -
Note campaign is also from 1 nov to 20 nov coinciding with the AGM.
Are the stars aligning ? Rare Earth Prices to Rise on Illegal Processing Crackdowns, SMM Says
Nov 06, 2015 02:47 GMT Source:SMM
Tags: Rare earth prices
SHANGHAI, Nov. 6 (SMM) –Rare earth prices will draw rising impetus in the near term from Chinese authority’s recent crackdowns on illegal mining activity, Shanghai Metals Market predicts.
On October 29, the Ministry of Industry & Information Technology (MIIT) issued a notice on clampdown on illegal processing of rare earth ores. The campaign, running from November 1 through November 20, mainly targets Jiangxi, China’s major rare earth producing region, as well as Guangdong, Hunan, Jiangsu and Anhui provinces.
LYC Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
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