Rare earth prices are skyrocketing.

According to the Nikkei Asian Review, the crackdown on illegal mining and the enforcement of environmental regulations have recently led to an increase in the spot prices of rare earths. As of August 9, the spot price of rare earths based on the Shanghai Metal Market reached 570,000 yuan (RMB). One of the sources interviewed pointed out that the surge in rare earth prices is driven by sellers holding back supply in anticipation of higher prices in the future. ("Rare earth prices rise as China tightens spigot on supply," 2017)

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