LYC 0.78% $7.76 lynas rare earths limited

http://usa.chinadaily.com.cn/business/2012-11/23/content_15955042...

  1. 29 Posts.
    http://usa.chinadaily.com.cn/business/2012-11/23/content_15955042.htm

    "Exports of rare earth metals in China between January and October were at 44,974 tons, a drop of 8.2 percent year-on-year, said the China Customs Statistics Information Center.
    The value of exports over the period declined 64 percent to $755 million.

    Exports were 3,809 tons in October, up 12.4 percent from September.

    Exports of rare earth metals in the first nine months did not reach even one-third of the quota for the year, the lowest level in a decade.

    Prices of the 17 elements widely used in high-tech products, such as hybrid car batteries, have taken a dive from its peak last year.

    To stabilize prices amid the sluggish market demand, Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-tech Co — China's largest rare earths producer — has partly halted production for a second month, and raised purchasing prices by 10 to 13 percent on Wednesday."
 
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