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More Rare Earth Companies in China Suspending Production as Prices Slide
Oct. 27, 2011 02:42PM PST
Rare Earth InvestingMineweb reported that declining rare earths prices have led more Chinese rare earth miners to halt production.
Mineweb reported that declining rare earths prices have led more Chinese rare earth miners to halt production.
As quoted in the market news:
In order to check the slide, Ganzhou Rare Earth Mineral Industry, a leading rare earth producer in south China, has also decided to suspend production since October 20, at all its mines and smelting and refining enterprises. An official with the company has been quoted by newswires as saying that the suspension was mainly due to the exhausted quota as well as the preparation for consolidating rare earth mines and building an industry chain in southern areas.