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China Considers Purchase-Reserve Mechanism for Rare Earths
Jun. 01, 2012 08:32AM PST
Rare Earth InvestingChina Daily reported that China may implement a rare earth reserve requirement in an effort to control rare earth prices.
China Daily reported that China may implement a rare earth reserve requirement in an effort to control rare earth prices.
As quoted in the market news:
When prices fall to a certain level,enterprises will be required to purchase and reserve rare earths according to the mechanism;when prices rise to a set price, enterprises will be required to sell.