RE: Market news21 Apr 2023 08:39
ReeTech, thanks for posting. You probably wanted to let us know that the Chinese keep output low because at that rate, they will barely stay in line with the increasing demand, therefore will keep prices high. Particularly interesting the DECREASE on ion-type rare earth ores as per sentence below from the article.
The Ministry of Industry and Information Technology (MIIT) issued first batch of quotas for rare earth mining, smelting and separation in 2023 on March 24. The quotas for rare earth mining stand at 120,000 mt, up 19% year on year. This includes 109,057 mt for rock ore-type, a year-on-year increase of 22%, as well as 10,943 mt of ion-type rare earth ores, a year-on-year decrease of 5%.
Again, thanks for posting ;-)