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Making no mention of altering export quotas, China caps rare earth production at 93.8M tons in...

Making no mention of altering export quotas, China caps rare earth production at 93.8M tons in 2011, a 5% increase over 2010. Additionally, no new licenses for mines will be granted before June 2012. Premarket: MCP -2.1%, SHZ -1.6%, AVL -1.3%.
Comments (1)
  • If this is all China has to do to create a drop in the value of non-China rare earth minerals, just wait until MCP and other mines come online. China will dump from her reserves (which have probably been created for just this purpose--remember, the US relies upon rare earth minerals for its military).

     

    The US (and other nations) MUST have a policy in place to protect these suppliers of Rare Earth Minerals when China fights back financially, and effectively, to put them out of business in a hurry.
    31 Mar 2011, 09:42 AM Reply Like
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