China tightens controls on rare earths production

Business Aug. 09, 2012 - 05:02AM JST ( 2 )

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basroilAug. 09, 2012 - 10:48AM JST

China’s trading partners say export quotas and taxes push up rare earths prices abroad, giving buyers in China an unfair advantage.

One mineral, terbium oxide, costs $2,000 per kilogram on global markets this week, more than double its $863.47 price in China, according to Lynas Corp., an Australian miner. Neodymium oxide cost $105 per kilogram on global markets and $67.50 in China.

The first shouldn't be misunderstood, under the rules that China agreed to in order to join the WTC, it is a very illegal act that should be enough to force an expulsion and give everyone the right to place massive tariffs on all the dumped goods.
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WakarimasenAug. 09, 2012 - 11:13AM JST

Keep going China. soon my holdings in rare earth companies in other countries will be worth something.