China Considers New Invoice System for Rare Earths

MarketWatch reported that China will deal with illegal rare earth operations by implementing a new rare earths invoicing system.

As quoted in the market news:

The introduction of such invoices may trigger panic selling in the domestic market and lead to a short-term price plunge, as only companies that have legal mining, processing or export rights can obtain such invoices, an official with a state-owned rare-earth processing plant said.

Click here to read the full MarketWatch report.