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Seeking Alpha reported that Morgan Stanley believes that demand for rare earth oxides have troughed, but that a potential oversupply could continue to put pressure on prices.
Seeking Alpha reported that Morgan Stanley believes that demand for rare earth oxides have troughed, but that a potential oversupply could continue to put pressure on prices.
As quoted in the market report:
Demand for rare earth oxides has troughed, which could be good news for Molycorp (MCP) after another 12% decline in prices during May, Morgan Stanley says, but additional supply from MCP and Lynas in H2 of this year could put prices back under pressure.