Reuters: Fate of Global Rare Earth Miners Rests on China Smuggling Crackdown
Rampant illegal production continues to undermine rare earth prices
Recently, Adamas Intelligence spoke with Reuters about the issue of rampant illegal rare earth mining in China and its impact on rare earth prices.
A key point emphasized during the discussion was:
- More so than smuggling, illegal mining and production of rare earth concentrates is perhaps the most prevalent problem in China’s industry.
- This illegal production is a major reason why rare earth prices are currently so low because there are abundant inventories in China that were never planned to exist.
Read more about what was discussed in this recent article from the Reuters.Back to overview