Rare Element Resources Ltd (REEMF): Rare earths: China pulls the plug. News....

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Thursday, 09/30/2010 8:11:01 PM

Thursday, September 30, 2010 8:11:01 PM

Rare earths: China pulls the plug. News.

You didnt have to be Nostrodamus to see this one coming.........

News Breaks
September 30, 2010
15:46 EDT MCP theflyonthewall.com: China may ban seek ban ferro alloy exports, Business Standard reports
According to IIF sources, a draft report by China's ministry of industry and information technology has called for a ban on foreign shipments of terbium, dysprosium, yttrium, thulium and lutetium, reports Business-Standard. Other metals such as neodymium, europium, cerium, and lanthanum will be restricted to a combined export quota of 35,000 tonnes a year, far below the global needs. Reference Link :theflyonthewall.com

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