Rising Rare Earth Prices Cripple Japan's June Imports
Source: International Business Times (7/29/11)
"Japanese imports of rare earths from China fall as a rise in prices make it unaffordable to many Japanese hi-tech companies."
Japanese imports of rare earths from China fell 13% in June to 1,386 tons as a rise in prices made it unaffordable to many Japanese hi-tech companies.
According to the ministry of finance data, this is the second month-on-month drop in a row. As Western buyers of the all-important metallic elements failed to find new supplies and counter China's stranglehold on the market, prices have continued to shoot higher. In 2010 rare earth prices shot up fourfold. . .View full article