Hey, Danny, a few bucks is a 'few bucks'.
I know about the neodymium situation. BUT, relief is in site: New mines, and the China economy slowdown. This from 9/20 Star.com:
"In August, China announced new export quotas on rare earth elements (REE), which increased the yearly figure by 2.7 percent."
"This is the first time in five years that the REE quota has increased and is the highest in three years, which is seen as a slight negative as excess supply would put pressure on prices," analyst Carolyn Dennis of Toronto-based Dundee Capital Markets said in a note to clients.
The spike in prices prompted a flurry of new mining projects and the two most advanced are due to come on stream this year, boosting global supplies of rare earths.
Molycorp, the biggest rare earth producer outside China, has reopened the Mountain Pass mine in California and is due to boost output to 19,050 tonnes a year in the fourth quarter from 3,516 tonnes last year.
Lynas is also due to fire up an $800 million rare earths plant in Malaysia as early as October after receiving a temporary operating licence. The plant would supply about 11,000 tonnes in its first year, eventually rising to 22,000 tonnes."