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China Still Strangling Rare Earths Market, Says Molycorp CEO
Jul. 29, 2011 03:09PM PST
Rare Earth InvestingThe New York Times reported that Molycorp’s (NYSE:MCP) CEO says China’s export quotas won’t meet global demand.
The New York Times reported that Molycorp’s (NYSE:MCP) CEO says China’s export quotas won’t meet global demand.
The market news is quoted as saying:
Doing an apples-to-apples comparison, Smith says, China’s export quota is really closer to around 20,000 tons. Meanwhile, he predicts the global demand to be much higher.
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