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China's Rare Earth Prices Have Broken a 10-Year High


China's rare earth prices have broken a 10-year high, driven by the development of emerging industries, tight supplies and the consolidation of industries at the national level.


Report by: Vladimir Basov (Kitco) November 12th 2021


According to the Global Times, China's rare earth prices have broken a 10-year high on Thursday, driven by the development of emerging industries, tight supplies and the consolidation of industries at the national level.


Insiders said that this could be an indication that marks the end of the era of the irrationally low prices of China's rare earth, the Global Times revealed. As an example of tight supply, the Global Times referred to Australia's Lynas, which accounts for 10 percent of the global light rare earth output, and which has reported a decrease of 10 percent on the output of neodymium praseodymium oxide in Q3 from the previous quarter and a year-on-year decrease of 6 percent. ...