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The market is happy to go to China as a rare earth supplier: Analyst

David Lennox of Fat Prophets says China dominates the supply of rare earths, but the market has been very happy to keep the status quo because it costs a "bucket load of money" to build a new rare earth mine that could become a "big white elephant" on the balance sheet if prices fall.
02:40
Wed, Nov 20 20193:10 AM EST