Japanese Demand Pushes up Chinese Rare Earth Exports

The International Business Times reported that China’s rare earth exports went up in April, lifted by buyers taking advantage of low prices, as well as an increase in demand from Japan.

As quoted in the market report:

It’s probably too soon to tell with any significant degree of confidence,” spokesman Jim Sims said. “Inventories have been built up over the past several years, and they are returning to more normal levels now… With the continuing volatility in rare-earth volumes and prices, it is a bit early to conclude that this is the start of a real global recovery of demand or just a temporary spike in demand.

To view the whole International Business Times report, click here.