The Conversation (0)
Business Insider reported an interview with investment expert Byron King on the potential for investing in rare earths.
Business Insider reported an interview with investment expert Byron King on the potential for investing in rare earths.
Byron King said:
There are larger issues related to the general pullback in the natural resource and energy spaces, and in the broader global markets. It impacts everybody, and certainly the resource players. China is slowing down, partly due to the unwinding European economy and the euro. As the euro comes undone, the dollar strengthens. Many companies working outside the U.S. see their local currency declining in value, but their dollar-measured costs are going up.