Illegal rare earths mining blamed for price dive
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,...