China Claims Rare Earth Pricing Gap Caused By Quality Variations

Reuters reported that China said product quality variations are responsible for a gap in pricing between export and domestic rare earths.

As quoted in the market news:

Su Bo, a senior official at China’s Ministry of Industry and Information Technology, said that higher quality demands by foreign firms and customs costs – not a decree from Beijing – partly explained the steeper prices paid by foreign companies.

Click here to read the full Reuters report.