First, the bad news - China's constrained rare earth supplies will be an "irreversible trend" and prices will remain at high levels, according to Zhang Zhong, general manager of Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co.
Zhang should know, as his concern is China’s leading rare earths producer – the Baatou mine produces more than 95 percent of China’s production, while Chinese mines currently account for 97 percent of global supplies. Full article at: China and Rare Earths - Monopoly for Now
A classic case of supply and demand. Reminds me of when some cleverclogs in the markets thought they'd buy up all the silver and set the price they wanted. People went into their attics and sold everything, bankrupting them.
http://www.bbc.co.uk/news/world-asia-pacific-14009910
Market ALWAYS wins.
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