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    market news

    More Rare Earth Companies in China Suspending Production as Prices Slide

    Investing News Network
    Oct. 27, 2011 02:42PM PST
    Rare Earth Investing

    Mineweb 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.

    Click here to read the full Mineweb report.

    market newsrare earth minesrare earth mineralchinarare earth miners
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