By: Reuters 1st June 2012
SHANGHAI- China is considering a national inventory reserve of rare earths in a bid to stabilise prices for the 17 metals, crucial for the defence, electronics and renewable-energy industries, state-backed China Securities Journal reported on Friday.
The paper cited government sources saying the Ministry of Industry and Information Technology (MIIT) was looking at strategic buying and selling, where producers buy up surplus supply when prices fall and sell when prices rise.
The ministry hopes this will quell large price fluctuations, as seen in 2011.
http://www.reuters.com/article/2012/06/01/china-rareearths-idUSL4E8H10AJ20120601
http://www.raremetalblog.com/2012/06/china-considers-a-national-rare-earth-reserve.html#more
chians attempt to control rare earth prices
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