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...
Only subscribers can access this article, which is part of the PRO research library covering 3,573 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: