Today's Hard|Forum Post
Today's Hard|Forum Post

Friday June 01, 2012

China Seeks to Stabilize Prices of Rare Earth

China controls 95% of the world’s rare earth deposits and is preparing to take measures to control the fluctuating prices with strategic buying and selling of the minerals vital to the electronics industry.

Domestic demand for rare earths tumbled last year after Beijing tightened controls over production and mining and many separation plants closed down after customers retreated from the sky-high prices