Mar. 26, 2014, 3:38 PM
- Analysts say rare earth elements will continue to fall this year after China loses a trade dispute over its export controls, as new mines boost output and while demand in high tech products disappoints.
- A price war could break out after the U.S., EU and Japan won their case over export restrictions they said gave Chinese companies an unfair competitive edge in key sectors, says Ryan Castilloux of Adamas Intelligence; China's "only tangible defense becomes competing head-to-head on price with emerging global producers."
- Investors already are concerned about excess supply as Molycorp (MCP -3%) and Lynas (LYSCF -12.5%) boost output at their new mines; MCP aims to boost output to 20K metric tons/year after producing ~1K metric tons in Q4 2013.
- Also: REE -0.6%, AVL -2.4%, GMO -3.7%.
Jul. 31, 2013, 12:53 PM
- A spike in Molycorp (MCP +6.7%) is attributed to an article that says China rare earth prices skyrocketed in the past week.
- Dysprosium oxide jumped 79% in the past week, according to MetalMiner's price index; yttria climbed 47%, terbium rose 34.5%.
May 28, 2013, 8:36 AM
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. The firm keeps its Equal Weight rating on MCP but raises its Q2 EPS estimate to a $0.25 loss from a $0.30 loss. MCP +2% premarket.| May 28, 2013, 8:36 AM
Dec. 11, 2012, 4:00 PM
Molycorp (MCP +5.8%) posts its second straight strong gain, as the picture grows brighter: Large stockpiles of rare earths are finally starting to dwindle, and top competitor Lynas is undergoing regulatory problems with Malaysia's government. How much higher can MCP climb? Oracle's Laurence Balter has a $50 price target, but shares still would be shy of their 2011 summer high near $7.| Dec. 11, 2012, 4:00 PM | 4 Comments
Dec. 10, 2012, 3:19 PMLynas' (LYSCF.PK, LYSDY.PK) plans to ramp up rare earth materials via its new Malaysian plant suffer a setback, as four ministers say it must export waste material in Malaysia or risk having its operating license revoked. The ministers' statement followed reports citing Lynas Malaysia's director as saying the company would not export residue from the plant. MCP +19.8%, AVL +10%, REE +9.5%. | Dec. 10, 2012, 3:19 PM | 7 Comments
Jun. 21, 2012, 12:20 PM
Australian miner Lynas (LYSCF.PK -12%) gives back all of the gains it made following parliamentary approval in Malaysia on Tuesday of a controversial rare earths processing facility. A coalition of groups opposing the plant today vowed "wave after wave" of protests that they won't stop until "the world’s largest radioactive dump" is forced out.| Jun. 21, 2012, 12:20 PM
Jun. 30, 2011, 10:53 AM
Shares of rare earth companies soar after reports a competitor's large refinery in Malaysia faces problems. The Australian Stock Exchange halted trading yesterday on Lynas Corp. (LYSCF.PK -8.8%) in advance of a news conference outlining its safety issues. Gainers: MCP +6.2%, REE +3.9%, AVL +4.6%.| Jun. 30, 2011, 10:53 AM