China calls rare earths producers to reduce output

By Antonio Torrisi
Published: Wednesday, 20 August 2014

By imposing a reduction in rare earths production on major firms, the Chinese government aims to address the current oversupply, which is exercising downward pressure on rare earths prices and companies’ profits.

China’s Ministry of Industry and Information Technology (MIIT) has told Chinese rare earths producers to eliminate rare earth oxide (REOs) output by the end of the year in order to reduce present oversupply.

A total of 103,170 tonnes REOs will be eliminated this year, of which 41,000 tonnes will...

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