China urges rare-earth giants to bring prices back to reasonable levels

As prices of rare earth products kept rising for months to hover at high levels, on March 3 China's industry regulator Ministry of Industry and Information Technology (MIIT) summoned the country's top rare-earth firms, including China Rare Earth Group, China Northern Rare Earth Group and Shenghe Resources, asking them to promote a complete pricing mechanism and jointly bring rare earth prices back to reasonable levels.

MIIT urged the companies to regulate their operations and trading, to prevent market speculation or hoarding, and also take the lead in promoting a pricing mechanism for rare earths products and jointly bring prices back to a reasonable range.


.Asian Metal CopyrightAs prices of rare earth products kept rising for months to hover at high levels, on March 3 China's industry regulator Ministry of Industry and Information Technology MIIT summoned the country's top rare-earth firms, including China Rare Earth Group, China Northern Rare Earth Group and Shenghe Resources, asking them to promote a complete pricing mechanism and jointly bring rare earth prices back to reasonable levelsAsian Metal Copyright