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Rare Earth Prices to Rise if Rumor True that SRB May Buy Rare Earth SoonDate:2013-09-18

Rare Earth Prices to Rise if Rumor True that SRB May Buy Rare Earth Soon

Sep 16, 2013 06:11 GMT   Source:SMM

Summary:The State Reserve Bureau (SRB) may purchase rare earth soon, China Securities Journal learned from several sources.

 

SHANGHAI, Sept. 16 (SMM) – 

Rare Earth Prices to Rise if Rumor that SRB May Buy Rare Earth Soon Comes True
The State Reserve Bureau (SRB) may purchase rare earth soon, China Securities Journal learned from several sources. As a result, some traders held off from giving quotations from last Monday. Analysts say rare earth prices will rise once the news is confirmed. 

Chinese Rare Earth Producers Suffer from Lackluster Rare Earth Prices and Demand
Weak global economic recovery and slowing Chinese economy are eroding demand for rare earth. Continuously falling rare earth prices have squeezed margins at many Chinese rare earth producers.   

MIIT to Get Tough on Crackdown on Illegal Mining and Pollution in Rare Earth Industry
The Ministry of Industry & Information Technology (MIIT) will team up with related departments to introduce tougher measures to crack down on illegal mining and pollution in rare earth industry, said Subo, Deputy Minister of the MIIT. Mr Su added that the result on the establishment of a mega rare earth group will be announced before the end of this year.   

Lynas: Global Rare Earth Demand to Grow at an Annual Average of 5-6% before 2020
Eric Noyrez, CEO of Australia’s Lynas Corporation, projected that global rare earth demand will grow by 5-6% each year before 2020.

China Rare Earth Ore Supply to Reach 94,000 tpy Should Crackdown on Illegal Mining Yields Expected Results 
Rare earth ore supply in south China will hold at 18,000 tonnes per year, and that in north China will be 76,000 tpy, provided that crackdown on illegal mining in the industry yields the expected results, said Chen Zhanheng, Deputy General of the Association of China Rare Earth Industry. Rare earth products produced through smelting and separation are expected around 90,000 tpy. 
 

 

Tags: rare earth