A Reuters piece that caught mine beady lil eye starts like this…
Prices of rare earth elements, which tumbled after a speculative bubble burst last year, are likely to erode further as new supplies hit the market and exports edge higher from dominant producer China due to weak demand at home.
…and finishes like this:
“It isn’t a pretty or happy place at the moment,” said a London trader who specialises in exotic metals. “There’s no blind panic out there, either to buy or sell, but people are very uncertain about what the future will hold and rightly so.”
It’s worth reading the whole thing because there are devils in details, e.g. the differences being seen in the heavy and light REE markets. So read it all here.