China's top rare-earths miner halts some output"will halt some...

China's top rare-earths miner halts some output

"will halt some of its smelting and separation operations for a month in an effort to stabilise slumping prices"

"Demand for rare earths has weakened in the second half on the back of the economic slowdown, causing a sustained fall in prices,"

"Baotou, which saw its third quarter net profits drop nearly 90 percent on year"

"Prices of rare earths soared last year by hundreds of percent after China clamped down on exports, drawing the anger of trade partners who said the curbs were unfair. Hot money flowed into an illiquid sector but later departed, contributing to the drop."

http://www.reuters.com/article/2012/10/23/china-baotou-output-idUSL3E8LN3GB20121023?feedType=RSS&feedName=marketsNews&rpc=43

Baotou had a little bounce off it's all time low of 32.60 at open last Monday, a figure worth watching IMO;

http://au.finance.yahoo.com/echarts?s=600111.SS#symbol=600111.ss;range=5d;compare=;indicator=sma(50,200)+volume+macd;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

Moly's next Q earnings are going to be very, very interesting to say the least. Having bought Neo off the top of the bubble at $1.5B and no effective efficiency savings, Mt Pass's viability questionable at these price/demand levels (where is all the Ce going?) their ability to service the debt they've taken on will come into focus, big time. Can Mark Smith pull a rabbit out of his hat, or will it be a skunk?