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Message: Rare earth prices fall as Toyota announces it will use less

Just look at news before few days and tell me who is liar here, Bloomberg or China:

http://finance.yahoo.com/news/CORRECTING-and-REPLACING-bw-85967754.html?x=0&.v=2

“Senior Chinese officials relayed to me last week, both privately and through public statements, that China has no intention of remaining the world's major supplier of rare earths and that it will continue to shift its focus to domestic demand,” Smith told the U.S. House Foreign Affairs Subcommittee on Asia and the Pacific in hearing testimony. “China is clearly warning that they will consume more of their own rare earths and export less, and that they see tight supplies of rare earths as representing an ‘irreversible’ trend.”

Sorry Bloomberg somebody is liar here and I think that this liar is you! And yes if MCP not take over some HREE then they are in Big Trouble!

GLTA

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