Critical Metals

Reuters Africa reported that Baotou (SHA:600111) will try to curtail a rare earth price decline by purchasing rare earth oxide at above market value prices.

Reuters Africa reported that Baotou (SHA:600111) will try to curtail a rare earth price decline by purchasing rare earth oxide at above market value prices.

The market news is quoted as saying:

Baotou, China’s top rare earths producer, said in a statement that the purchase is aimed at preserving the resources and stabilizing a market that has been buffeted by speculative purchases and sales. The company plans to buy the rare earths product via its international trade unit only from producers that have production quotas, the firm added.

To read the full market news, click here.

Featured

MARKETS

Markets
TSX20197.61+15.69
TSXV702.09-3.49
DOW31261.90+8.77
S&P 5003901.36+0.57
NASD11354.62-33.88
ASX7145.60+81.10

COMMODITIES

Commodities
Gold1846.53+0.13
Silver21.75+0.03
Copper4.30+0.02
Palladium1968.65+11.53
Platinum957.67+3.19
Oil110.35-1.86
Heating Oil3.62-0.05
Natural Gas8.06-0.25

DOWNLOAD FREE REPORTS

×