Rare Earth Prices Double on China Controls

Bloomberg reported that prices on some rare earth elements have doubled in the past two weeks.

The market news is quoted as saying:

China, supplier of 95 percent of the 17 elements known as rare earths, has clamped down on rare-earth mining and cut export quotas, boosting prices and sparking concern among overseas users such as Japan about access to supplies. The government may further reduce export quotas, pushing prices higher, Goldman Sachs & Partners Australia Pty said last month.

To read the full market news, click here.