China Proposes Rare Earth National Pricing System

IBTimes reported that China is planning to implement a national pricing system for rare earths in September. The pricing system is expected to perform an important function in maintaining the viability of the rare earths sector.

As quoted in the market news:

Ma Rongzhang, secretary-general of Association of ChinaRare Earth Industry, said in China Daily the implementation of the proposed national pricing system will allow the leveling out of price volatility of rare earths in the world market.

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