No longer rare: China's overproduction sends rare-earth prices tanking
International rare-earth element prices fell 20% from overproduction in China. Despite regulations to safeguard supply, prices keep dropping, raising concerns about China's market dominance and global supply chain impacts.
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International prices of rare-earth elements have dropped by 20% due to overproduction in China, leading to a supply glut. In an attempt to control the industry, China issued regulations in June to safeguard the supply of these economically vital metals, stating that rare-earth resources are state-owned. Despite these efforts, prices continue to decline, impacting China's rare-earth industry. This situation has prompted concerns about China's dominance in the rare-earth market and its implications for global supply chains. The drop in prices reflects the challenges faced by China in managing its rare-earth production and balancing supply and demand in the market.
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2 commentsA market digging more stuff out of the ground and selling more of that stuff to people who build things for people to buy, and those people paying less money for their raw materials is apparently best described as "market has remained in the doldrums."
Presumably, if they'd limited production and raised prices this journalist would be impressed with their business savvy because high prices for raw materials is "good for business" in some tragically short sighted way.
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