Illegal rare earths mining blamed for price dive

By Siobhan Lismore-Scott
Published: Tuesday, 12 August 2014

Since 2011, rare earths prices nosedived after being inflated initially by supply disruptions and unrealistic demand forecasts. However, this week Chinese officials have squarely placed the blame for the plummet on illegal mining.

Illegal mining in China is to blame for low rare earths prices, a government official said on Tuesday during the sixth Baotou China Rare Earth Industry Forum.

According to local reports, Jia Yingsong, from the rare earths office at the Ministry of Industry and Information Technology (MIIT) said illegal mining,...

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