Price bubble seen in rare-earth metals
Investing News Network - September 20th, 2010
The head of Canada’s oldest rare-earth operation reported that a price bubble has developed in the market for rare-earth metals used to build components for the iPhone, electric cars and a range of other products, raising the prospect of a steep decline.
The head of Canada’s oldest rare-earth operation reported that a price bubble has developed in the market for rare-earth metals used to build components for the iPhone, electric cars and a range of other products, raising the prospect of a steep decline.
The press release is quoted as saying:
“Bubble economics aside, there just isn’t enough value in the ground to justify digging the stuff up and processing it.”