The announcement had an immediate effect on the market, with the cost of most REEs defying analysts' predictions with steep price increases; dysprosium, for example, doubled in value. However, this rally proved to be short-lived, and prices plummeted back down in 2012.Though the plan has been in the making for years, the timing of Baotou Steel Rare-Earth's most recent move was a curveball as it came straight after the company's announcement that it will continue production halts at its factories for a third consecutive month in an effort to stabilize slumping market prices.
Rare Earth Mega-company Taking Shape
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