With REE prices low and several individual REEs “oversupplied” we find very little prima facie incentive for investors to deploy capital in the sector. The lousy projected economics of most proposed projects only exacerbates the difficulty found in developing a viable REE business. A closer look at the space reveals that large sectors of the economy depend on a ready supply of a wide variety of REE products, and their absence would put any economy at a notable disadvantage. Without REEs we would not have small computers, cell phones, microwaves, sensors, radar, MRI machines, advanced telecommunications networks or a variety of other things. This reality has only just begun to sink in for Americans, although it hasn’t fully hit home. A bubble in REE prices and the frenzy surrounding the Molycorp IPO started a dialogue 5-7 years ago. Unfortunately the industry’s loudest cheerleaders were on Wall Street and Bay Street,
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