In addition to the data on the export of rare earths from China, there was also news on their price development in the People’s Republic today, Thursday. According to analysts, it has reached the highest level in 20 months. Caused by inspections in the mines in Myanmar this week, the operation is at a standstill during this time, writes Reuters. The industry is therefore stocking up its inventory, the news agency adds.
China imports mainly heavy rare earths such as terbium and dysprosium from the neighboring country for subsequent processing. In the past, there have already been interruptions in exports because goods transshipment points were closed due to the pandemic.
Photo: TRADIUM GmbH