DeBeers class action suit could be expensive: https://diamondsclassaction.com/
and they can't get all the Aussie mines to play ball. As the rare earth article points out, the Aussies are kicking China out of Mt. Weld. Lynas Corp. stock is almost back up to the US$1.00 where I was considering a purchase (ticker symbol LYSCF) a year ago. Mt. Weld isn't as rich as many of the China mines but it's huge. Terry On Mon, Sep 28, 2009 at 1:25 PM, Stephen A. Lawrence <[email protected]> wrote: > They do say that commodity cartels are generally short-lived. I recall > reading that back when Opec was shaking the pillars of power, and of > course, Opec has since lost much of its importance. > > The one exception I'm aware of is the DeBeers diamond cartel, which has > retained its power over the price of diamonds for decades. The fact > that nobody actually needs their product may have something to do with > that, however (industrial diamonds don't have inflated prices, AFAIK, > only the ones intended for jewelry). > >> > >
