China stockpiles rare earths at higher prices
Published: Tuesday, 05 August 2014
The purchase of rare earths by the Chinese government last week is the result of the pressure from the World Trade Organization (WTO) to lift rare earths export quotas and is an attempt to push up prices to revive a market still weakened by illegal mining.
China has started stockpiling rare earths with
country’s government purchasing 10,000 tonnes last
week, internal sources revealed.
According to the sources, the State Reserve Bureau bought
rare earths products, including 1,200 tonnes dysprosium oxide
(Dy2O3); 500 tonnes neodymium oxide (Nd2O3); 500 tonnes
praseodymium oxide (Pr6O11); and 4,000 tonnes...