China: New Price High for Rare Earths
According to analysts, price development of rare earths has reached the highest level in 20 months.
According to analysts, price development of rare earths has reached the highest level in 20 months.
Exports from China up 30 percent year-on-year; fears of export controls give a boost.
the Chinese government wants to upgrade the vehicle industry and boost economic growth.
Lynas presented figures for fiscal year 2023 on Tuesday. The group, which specializes in the mining and processing of rare earths, reported a 43 percent drop in profits to the equivalent of 200 million US dollars compared to the same period last year. The background to this is the fall in prices for rare earths.
U.S. Commerce Secretary Gina Raimondo arrived in China on Sunday for a multi-day visit.
New study sees Africa and Latin America as preferred targets for Chinese companies.
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