REE Prices to Stay High as China Extends Crackdown

Source:

"China's role as the dominant global supplier of rare earths will gradually come to an end as the industry focuses more on the domestic market."

Reuters, David Stanway

Excess exports from China's rare earth industry kept prices artificially low for years, and it was now "unrealistic" to expect them to fall back to previous levels as Beijing reins in the sector, a senior industry official said on Thursday.

Li Zhong, the vice-general manager of top producer Baotou Steel Rare-Earth Hi-Tech Holding, told a conference organized by Metal Pages that China's role as the dominant global supplier of rare earths will gradually come to an end as the industry focuses more on the domestic market. . .View Full Article

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