Trade Conflict: Strong Price Increase for Rare Earths in the Third Quarter

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Rare earths are metals that are of great importance to several industries. China has used its quasi-monopole as a leverage against the Western economy in recent months.

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Here you can find information on the topic "Trade Conflict". Read now "Strong price increase in rare earths in the third quarter".

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China's export restrictions in the third quarter led to a further rise in the price of rare earths on the world market. Prices of 17 metals in dollar terms rose 8.2 percent from the previous three months after rising 8.9 percent in the second quarter. The data was published on Thursday by the Bavarian Industry Association (vbw) in its monthly commodity price index. This is reported by the DPA agency. “We urgently need to reduce our dependence, e…

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Important metals, such as those mined here at the Bayan Obo rare earth mine in Inner Mongolia, are also needed by German industry – for example, for sensors or electric motors. (Archive photo) Ren Junchuan/Xinhua via ZUMA Wire/dpa. Chinese export restrictions caused rare earth prices to rise significantly in the third quarter. The Association of Bavarian Industry (vbw) calculated an 8.2 percent increase in dollar prices compared to the previous …