Some Rare Earth Prices Will “Collapse” on Oversupply, Miner Says

The Vancouver Sun reported that Rare Element Resources (TSXV:RES) sees prices of some rare earths falling due to oversupply.

The market news is quoted as saying:

Rare Element Resources plans to begin producing rare earths in 2015, while Greenwood Village, Colorado-based Molycorp Inc. plans to increase output to 40,000 tons a year by the end of 2015.

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