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Last time this happened in 2008 Goldman pumped and dumped Molycorp. I don’t know how banks get away with this behavior. From what I gather, there is a decent s
by mogadsheu 7y ago
Last time this happened in 2008 Goldman pumped and dumped Molycorp. I don’t know how banks get away with this behavior.
From what I gather, there is a decent stock of reserves in San Benito between LA and Vegas. Before the ionic clays in China, the mine was responsible for some 90+% of global rare earths production.
For those of you looking to trade off the info, Lynas on the ASX is the play. The news is already priced in but it’s inexact.
- rmason 7y agoJapan has made a huge discovery of rare earth minerals off their coast. The only question is if they can figure out a way to economically harvest them. https://www.sciencealert.com/japan-discovered-a-rare-earth-mineral-deposit-that-can-supply-the-world-for-centuries https://www.sciencealert.com/japan-discovered-a-rare-earth-m...
- 0xffff2 7y ago>there is a decent stock of reserves in San Benito between LA and Vegas. Do you mean San Bernardino? San Benito is a county in central California, nowhere near "between LA and Vegas".
- mogadsheu 7y agoSan Bernardino you’re right. San Benito County has a different mine.