At the start of the week, market participants were divided on whether or not rare earths prices would remain stable, would hit a bull run or shed further value.
While one market participant said that rare earths prices were losing value – quoting up to an 11% fall in the assessed price of europium ($4,500/tonne FOB China) — others maintained that they believed rare earths would soon gain value as Q4 approached.
Protestations that rare earths would not fall significantly did not help rare earths companies. Both Molycorp and Lynas...