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Some Rare Earth Prices Will “Collapse” on Oversupply, Miner Says
Aug. 16, 2011 02:28PM PST
Critical MetalsThe Vancouver Sun reported that Rare Element Resources (CVE:RES) sees prices of some rare earths falling due to oversupply.
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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