Dramatic Downturn in Rare Earth Market Raises Concerns for Lynas Corp and Great Western Minerals

Paragon Report released research on the rare earth market, Lynas Corp (ASX:LYC) and Great Western Minerals Group (TSXV:GWG,OTC Pink:GWMGF).

As quoted in the press release:

Rare earth prices have fallen dramatically in recent months. International prices for some light rare earths used in the polishing of flat-screen televisions and the refining of oil, respectively, have fallen as much as two-thirds since August. Lanthanum oxide, for example, was $5 a kilogram in early 2010. Lanthanum hit $140 a kilogram in July, then dropped more than fifty percent to $62 a kilogram in November.

Click here to read the Paragon Report press release.