Despite the collapse in broad commodity prices, numerous specialty metal prices have held or even gone up in the last few years: companies with the potential to produce these metals couldn't attract capital, and the tightness today is now likely to become shortages tomorrow, says Richard Karn, managing editor of The Emerging Trends Report.
Sometimes the worst of times brings out the best in people. Such is the case in Australia's mining sector, according to Richard Karn. While some companies are floundering or failing altogether, Karn has noticed a few shining exceptions.
Rare earth oxide producer Molycorp. Inc. said it will double its rare earth production capacity to about 6,000 tonnes per year from 3,000 tonnes with acquisition of a controlling stake in Estonia's AS Silmet, one of Europe's two rare earth processors.