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Rare Element Resources Ltd. Ord Message Board

  • valueseeker890 valueseeker890 Mar 31, 2011 4:16 PM Flag

    Current rare earth prices driven up by speculatiors

    "Judging from years of experience since I've been in the
    rare earth industry, such buyers are not our real downstream clients, but speculators who are hoarding the materials for profiteering purpose," he said.

    "Speculators bought all rare materials available on the market, regardless of their prices," said an executive of a large rare earth company in the city of Ganzhou, east China's Jiangxi Province. 586.htm

    That means that the current speculative bubble in rare earth prices will collapse, since it is not based on final demand.

    Once MCP and Lynas produce, their production is higher than total market demand outside China.

    So to whom is REE going to sell?

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