Hope you guys take the time to read this report. Just quoting a paragraph here. With the rise and independence of China, the US government is taking measures to bring on domestic supply to ensure national security.
"Several legislative proposals have been introduced in the 113th
Congress in the House and Senate to address the potential of U.S. supply vulnerability and to
support domestic production of REEs and other critical minerals because of their applications for
national security/defense systems and clean energy technologies. On September 18, 2013, the
House passed H.R. 716, The
National Strategic and Critical Minerals Production Act of 2013"
GOOGLE it. There are many links to this news. Looks like China is doing this to halt the recent price decline. Also the government is monetizing the REE industry and cracking down on illegal smuggling. This will all be positive forces that will push MCP higher in the future.