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More Instability Predicted as Rare Earth Group Cuts Supply
Oct. 28, 2011 03:59PM PST
Rare Earth InvestingLighting reported that the suspension of rare earth production at Chinese mines will cause supply issues for the lamp industry.
Lighting reported that the suspension of rare earth production at Chinese mines will cause supply issues for the lamp industry.
As quoted in the market news:
The state-owned Baotou Iron and Steel Group, which controls 60 per cent of Chinese rare earth supplies, signalled the move after prices slid more than 30 per cent from record highs in July, with some elements down 10 per cent since the end of the Chinese holidays on 10 October.