Rare Earth Oxide Demand has Troughed: Morgan Stanley

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.

To view the whole Seeking Alpha report, click here.