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Some REE prices rose last week
25/06/2013
Rare earth prices saw a modest uptick last week. Metal-Pages reported that China?s rare earth market has seen a rebound in the prices of terbium, praseodymium/neodymium and dysprosium, due to a crackdown on illegal rare earth concentrate in Jiangxi province. Earlier this month China announced that government officials and business owners discussed how to tackle the illegal mining and selling of rare earths ? following up on a 2012 crackdown on illegal REE miners and related businesses that stopped production of about 30,000 metric tons of rare earths, Mineweb reported. According to Metal-Pages, the price of terbium oxide has moved up to RMB3,000 a kilogram from the RMB2,400 to 2,500 range earlier this week, while suppliers of praseodymium/neodymium are quoting the metal at RMB340,000 a tonne. Dysprosium sellers have increased their offer prices to about RMB1,400 a kilogram and are reluctant to sell below RMB1,300/kg, Metal-Pages said. More Check out www.australianrareearths.com for Australian Rare Earth share bargains.
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
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Rare earth prices up amid illegal mining crackdown
Rare earth prices up amid illegal mining crackdown
Xinhua BEIJING, June 26 (Xinhua) -- Rare earth prices in China have surged about 10 percent in the past two weeks, helped by a crackdown on illegal mining, Wednesday's Shanghai Securities Journal reported. Rare earth metals are a group of 17 elements that are ... See all stories on this topic ?
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
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