This is what happened 2010, 2011, 2012. When the Chinese tightened rare earth supplies, the Japanese started ramping up production, we started ramping up production and then The Chinese came in, flooded the markets with below price rare earths and made it economically non feasible for market based operations to continue. So our view is we need to have some kind of a price mechanism and it could take a lot of different. (14:15–14:22)
CLAIM
Asserts that China flooded the market with cheap rare earths, undermining market-based operations.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
