Japan Disaster Called Temporary Hit for Rare Earth

Reuters reported that the aftermath of the Japan disaster could affect rare earth prices but that they are still expected to remain high.

The market news is quoted as saying:

Temporary closures of Japanese businesses, coupled with disruptions to ports and the electric grid as authorities struggle to stop the release of radiation from a quake-hit nuclear plant, may cause delays in shipments of the metals used in everything from Apple iPads to wind turbines.

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