Baotou Rare Earths To Continue to Suspend Output

Business Day reported that Baotou Rare Earths plans to extend an output suspension at some plants for another month, to try and curb a drop in prices.

As quoted in the market report:

The price of praseodymium-neodymium oxide, a rare earths compound used for ceramics and magnetic materials, has slid to around 300,000 yuan ($46,400) per tonne, less than one fourth the level at the highest point last year, the official Xinhua news agency said Tuesday.

To view the whole Business Day report, click here.