Price Bubble Seen in Rare Earth Metals
Source: The Calgary Herald (9/16/10)
"Mining make sense, but prices at this level are unsustainable."
"At the end of the day, rare earths are not that rare," said Constantine Karayannopoulos, chief executive of Neo Material Technologies.
"Bubble economics aside, there just isn't enough value in the ground to justify digging the stuff up and processing it."
He said at today's prices, mining projects make sense, "but I also think prices at this level are unsustainable."