Price bubble seen in rare-earth metals

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.”

Click here to access the entire press release