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Rare Earth Prices to Stay High as China Extends Crackdown
Sep. 15, 2011 04:38PM PST
Rare Earth InvestingReuters reported that a rare earth industry official said China’s control over the rare earth sector will keep prices high.
Reuters reported that a rare earth industry official said China’s control over the rare earth sector will keep prices high.
The market news is quoted as saying:
Foreign governments have cried foul after Beijing imposed tougher export restrictions on domestic producers, cutting off supplies and driving up global prices. This year’s export quota was set at 30,184 tonnes, down about 40 percent in just two years, with annual output also capped at 93,800 tonnes.