Understanding China's Weakening Metal Demand

Via Metal Miner The bears continued to make their way into the Rare Earths MMI (Monthly Metals Index), with yet another drop in price action, this time by 6.93%. Many factors pulled at rare earths prices overall, including oversupply, weak demand for metals within China and shifting dynamics in global rare earths supplies. It seems China’s over-production of rare earths continues to contribute to a massive supply glut, leading to cheaper prices and bearish sentiment. See why technical analysis is a superior forecasting methodology over fundamental…