China stockpiles rare earths at higher prices

By Antonio Torrisi
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...

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