China Rare Earth Accounting Change Masks Export Slump

Reuters reported that China’s customs authority is presenting rare earth exports in a new way, making them look much bigger.

The market news is quoted as saying:

The effect of the change is to make China’s rare earth exports for the month appear six times bigger than they would have been under the old methodology, and to imply a 44 percent fall in the average value of a tonne of exports from December, rather than a 15 percent rise.

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