China Rare Earth Prices Explode as Export Volumes Collapse

CNBC reported on the increase in prices for China’s rare earth exports.

The market news is quoted as saying:

China’s squeeze on rare earths, which are used in a wide range of hardware including precision-guided weapons, hybrid car batteries and iPads, has forced prices up dramatically since July last year, when each tonne fetched a mere $14,405 on average.

To read the full market news, click here.