LYC Drop, page-44

This is why the shorters are having a field day (news from late last week) ....

Quad focuses on Australian minersThe rare earth industry is drawing global attention this week after The Quadrilateral Security Dialogue (Quad) responded to China’s “leverage” of their control over industry supply.The Quad is a strategic partnership between the US, Japan, India and Australia aimed at protecting its members’ economic interests.The group recently agreed to redirect ores from one of Australia’s largest rare earth miners, Lynas Rare Earth Ltd (ASX: LYC), to the US instead of China, which could increase the importance of Australia in the global market.Fears of a rare earth price warLynas’ share price has fallen 1.57% today after its CEO, Amanda Lacaze, raised fears last month that if Beijing chose to engage in a price war over rare earth minerals, it could collapse profits in the industry and hurt investors.Lynas is currently the only rare earth miner outside of China with the infrastructure to process its own metals.Lynas has far exceeded Rarex’s share price growth, rising by more than $5 per share over the past 12 months, but a sector already prone to fluctuations is currently facing not only a very lucrative, but a very uncertain future.