Items tagged with Baotou
Chalk this one up on the "Who didn't see it coming" meter. Prices for neodymiumoxide and europium oxide have dropped recently, due to falling demand in European and US markets. In response, Baotou Steel, China's largest rare earth producer (China recently consolidated the rare earth production of multiple companies in Inner Mongolia) has announced that it's suspending all operation in a bid to "balance supply and demand." Prices on the two metals have tumbled roughly 35 percent in recent months; Baotou believes a total one month shut down will apparently redress the situation. China has aggressively nationalized rare earth production in recent years; the WTO ruled in July that the country's actions,...
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