China's Rare Earth Dominance Faces Challenges As Global Supply Chain Shifts

Via Metal Miner The Rare Earths MMI (Monthly Metals Index) saw a massive rebound after four months of sharp declines. All in all, the index rose by a whopping 14.36%. This enormous increase could indicate that prices for rare earth metals finally found a bottom between March and April. Chinese Rare Earth Metals Profits Still Declining China’s mining and processing industries continue to experience a drop in profitability despite the nation’s attempts to keep its grip on the critical rare earths market. A key state-owned company, China…