Rare earths industry teeters as Lynas heads to full ramp-up
Four years after Beijing’s efforts to control the global supply of rare earths sent prices soaring, the much-hyped industry is teetering as companies seeking to break China’s grip struggle with production problems and slumping prices.
Australia’s Lynas Corp and US miner Molycorp Inc, the only two suppliers outside China, are boosting output at their plants in Malaysia and California, respectively.
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