Rare earth prices steady on weak demand suggestive of lower inventories
Published: Wednesday, 22 October 2014
Chinese magnet manufacturers reported to be idling capacity as market continues soft.
Sources in China have reported weak conditions in rare
earths-consuming markets including powders for glass
polishing, high strength magnets, phosphors and alloys.
Prices for the minerals have remained broadly stable this
week, however, with market participants suggesting that this is
due to falling inventories in buyers’
Overcapacity and illegal...