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[RareEarths]

Rare earths prices could be on uptrend
Wednesday, April 16, 2014

Rare earths prices could be on uptrend
Rare earths prices in China have gained recently, after China’s State Bureau of Material Reserve said it would proceed with a new round of rare earth stockpiling.

The top rare earth producing companies are likely to be required to increase their companies’ reserves by 20-30%.

This is due to an agreement signed between China’s State Bureau of Material Reserve and some of the biggest rare earths producers in China.

These include China Minmetals Rare Earth, Inner Mongolia Baotou Steel Rare-Earth, Chinalco Rare Earth, Rising Nonferrous Metals Co Ltd, Ganzhou Rare Earth and Xiamen Tungsten Co.