Continuing a theme here of late, Australia's Lynas (OTCQX:LYSDY) is yet another mining company that has been laid low by significant price declines in their core addressed markets. As falling copper, iron, and uranium prices have brought the long-term value of First Quantum (OTCPK:FQVLF), Fortescue (OTCQX:FSUGY), and Paladin Energy (OTCPK:PALAY) into question, the dramatic fall in rare earth oxide prices has likewise crushed Lynas and brought the very viability of the model into question.
A huge (and likely unnecessary) supply squeeze a couple of years ago sent REO prices rocketing, and while investors responded by throwing money at REO mining companies, customers responded equally predictably...
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