World Scrambles for Rare Earths After Latest China Crackdown
Source: Mining.com, Frik Els (9/9/11)
"China has in the past struggled struggled to impose a REE production cap."
Li Guoqing, director of the mining management bureau of Ganzhou city in the eastern province of Jiangxi, said three of eight major rare earth producing counties would stop production by year-end.
China has in the past struggled struggled to impose a REE production cap, with actual annual output exceeding official quotas by 40% to 50% since 2007 as high prices encourage illegal small scale mining and a black market trade. . .View Full Article