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Wednesday, September 14, 2022 1:10:14 PM
https://stockhead.com.au/resources/high-voltage-why-is-everyone-getting-so-excited-about-rare-earths/
History can and does repeat itself: A little tidbit from the first "rare earth boom 11 years ago below:
In 2009, it announced export controls on its rare earths, cutting them by 40 percent. Then, in September 2010, a Japanese naval vessel interdicted a Chinese fishing boat near the disputed Senkaku Islands and arrested its captain. The islands are little more than rocks, and the dispute had more to do with historic Sino-Japanese conflicts than modern state interests. Still, the Chinese government responded ferociously. It ceased all exports of rare-earth elements to Japan, a lighting and automotive powerhouse. The market for rare earths panicked, and prices spiked as much as 2,000 percent.
Molycorp went for its all-time high: $79.16, on May 3, 2011. By any measure, it was a spectacular!! Lets hope lightning in a bottle strikes twice but this time for the good guys at $NIOCORP!!
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