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Comments from TREM's David Abraham on the role of smuggling in the rare earth market.
“Supply chains for oil, natural gas and coal will remain vital, but as a large number of comparatively minor materials become increasingly important, pressure on their suppliers will become greater as a result.”
Joint green initiatives in China like one with GM could quickly lead to new breakthroughs. And thus a new demand for rare metals.
Cuts in production have yet to rally market prices of rare earths, but may have provided a floor. China's top 6 miners set to produce 10 pct less this year.