Business Day reported that Baotou Rare Earths plans to extend an output suspension at some plants for another month, to try and curb a drop in prices.
As quoted in the market report:
The price of praseodymium-neodymium oxide, a rare earths compound used for ceramics and magnetic materials, has slid to around 300,000 yuan ($46,400) per tonne, less than one fourth the level at the highest point last year, the official Xinhua news agency said Tuesday.
“Attention investors: China is tightening its grips on the rare earth industry forcing plant closures on illegal mining. Find out how to take advantage of this trend.”
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