From my first book A Nation of No Losers (my only political satire):
of 2011, China has at least two years before these foreign mines are
ready. [Note: As of 8/2012, some new mines on rare earth minerals are
ready to be mined outside China. However, with the global recession,
they’re not profitable.] By then, China will decide the prices again
based on whether they want to capture the rare earth market and/or their
products that use these rare earth elements.
To summary, China
should limit the rare earth element export and price them as high as the
market can bear. I would avoid betting on rare earth elements by
foreign miners as they are too risky.
my several posts in SA. It drew laughs as the enthusiasts were loading
rare earth stocks at the time (around 2011). Even recently MCP's stock surged
briefly after the 60 Minutes episode. Now who is laughing (or crying)?