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Re: NorCalTommy post# 60103

Sunday, 04/12/2020 6:42:31 PM

Sunday, April 12, 2020 6:42:31 PM

Post# of 111890
NCT, from a Motley Fool article back in 2014: "Even though it's been able to increase its sales volume for several quarters, revenues continue to slide because REE prices continue to drop."

and from another more recent article in 2019 on Industryweek.com: "(MolyCorps) relentless rare earth deflation was ultimately the death knell for Molycorp":

There is no mention anywhere that I can find on the internet that the reason for bankruptcy had to do with the acquisition of Neo Material Technologies Inc. but rather because the price of REE's dropped precipitously due to China initially witholding REE supply then flooding the marketplace with cheap REEs and additional supply from Australia and Malaysia coming on board.

https://www.industryweek.com/leadership/article/22027669/cautionary-rare-earths-tale-found-in-molycorps-rise-and-fall

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