China Minmetals calls for rare earth production suspension

Source:

"State-owned trader Minmetals has called on all firms in the rare earth sector to adhere to a national output quota by suspending production starting from the beginning of August."

Reuters, David Stanway and Ruby Lian

State-owned trader Minmetals has called on all firms in the rare earth sector to adhere to a national output quota by suspending production starting from the beginning of August. He Jinglin, spokesman for Minmetals, told Reuters that while Minmetals doesn't operate any mines of its own, its separation plants would be affected by any suspension.

Minmetals, which aims to take advantage of Beijing's industry restructuring plans by becoming one of China's biggest rare earth producers and processors, has already halted operations at its processing plants and wants other companies to follow. . . . View full article

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