China’s REE Stockpiling Could Stabilize Prices

Business Insider reported that the Chinese Ministry of Commerce recently announced a second set of Rare Earth export quotas for 2012.

Brandon Tirpak, analyst at Asian Metals, stated:

This past July, the Chinese government announced, without elaboration, that it would create a stockpile of roughly 6 billion (B) renminbi-worth of REEs. That effort will begin within the next several weeks. A lot of people expect to see some price stabilization as a result, and if you take note of figures published by Asian Metal, the rate at which prices are falling has slowed drastically over the last several months.

Click here to read the full Business Insider report.