China Crackdown to Support Rare Earths Prices

Source: Reuters, Eric Onstad (9/26/12)

"A crackdown on small, inefficient rare earth producers in China is likely to further restrict supply from the world's biggest producer of the minerals and support weak prices."

Reuters, Eric Onstad

A crackdown on small, inefficient rare earth producers in China is likely to further restrict supply from the world's biggest producer of the minerals and support weak prices, mining services group Rare Earths Global (REG) said.

If recommendations in a Chinese white paper are adopted, the minimum output levels they will require from each producer could result in the closure of rivals of REG, which operates in China but is listed on London's AIM market.

"With the China white paper coming up, I believe this will be advantageous. This will really help us for the next two to three years," Chief Executive Simon Ong told Reuters in a telephone interview from China on Wednesday. . .View Full Article

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