Petroplus Reduces Consumption of Rare Earths
Bloomberg Businessweek reported that Petroplus AG (OTC Pink:PEPFF) is reducing its use of rare earths at refineries as prices rebound.
Bloomberg Businessweek reported that Petroplus AG (OTC Pink:PEPFF) is reducing its use of rare earths at refineries as prices rebound.
Weak rare earth prices have been prevalent in the second half of 2011. However, the unwillingness of some producers to make further reductions to rare earth prices has garnered some stability of late.
Bloomberg reported that predictions rare earth prices will continue their decline prompted investors to short sell Molycorp (NYSE:MCP).
Critical Strategic Metals reported that the drop in rare earth prices is partly due to manufacturers seeking alternative inputs.
Critical Strategic Metals reported on the decline of rare earth prices.
With rare earth prices falling alongside company share prices many rare earth companies are highlighting their heavy rare earth deposits which are of higher value.
Reuters Africa reported that Neo Material Technologies (TSX:NEM) anticipates lower rare earth prices despite earning a record profit in Q3 2011.
IBTimes reported that China's rare earth controls have caused prices of rare earths to plummet.
CapitalVue reported that a rare earth selloff by Chinese companies caused rare earth prices to fall.
Financial Times reported that auto parts maker Continental (NYSE:CLR) is facing supply burdens due to high costs for rare earths.
Get our independent commentary on rare earth trends and companies delivered to your inbox.