Wyoming Rare Earth Discovery Could Shake Up Global Markets [Yahoo! Finance]
Ramaco Resources, Inc. - Class B (METCB)
Company Research
Source: Yahoo! Finance
While weaker downstream demand could potentially prove one culprit in the dropping prices, another potential factor is an increase in global rare earth production outside of China. If true, China could find itself bumped down the totem pole in terms of rare earth magnets dominance. Meanwhile, China's economy continues to waver due to the weakened property sector, which could also potentially impact prices. For now, China continues to hold its spot as the top global rare earths producer. With all of these factors at play, the Rare Earths MMI ( Monthly Metals Index ) dipped by a total of 19.89%. Massive Rare Earths Reserve Discovered in Wyoming A new rare earths find in Wyoming could significantly impact the global rare earth market by lessening the United States' reliance on China for vital minerals . Several businesses, including American Rare Earths Inc. and Ramaco Resources, recently discovered a large cache of rare earth deposits in the western state. Moreover, current estima
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