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Molycorp and Lynas Could Benefit from China Rare Earth Regulations
Paragon Report released research on Molycorp (NYSE:MCP), Lynas Corp. (ASX:LYC) and China’s regulation of rare earth overproduction.
Paragon Report released research on Molycorp (NYSE:MCP), Lynas Corp. (ASX:LYC) and China’s regulation of rare earth overproduction.
As quoted in the press release:
May 1 China began issuing value-added tax permits to rare earth companies in Sichaun and Inner Mongolia in an attempt to regulate overproduction. Market observers see the permits as a first step to control overcapacity, illegal mining, and resource draining in the rare-earth industry.
Click here for the Paragon Report press release.
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