SMM Rare Earth Weekly Survey: Price Increase for Rare Earth Products Limited (19-23 Aug. 2013)

SHANGHAI, Aug. 26 (SMM) – Bullish mood still prevailed in rare earth markets last week due to the three-month clampdown on illegal rare earth mining operations and stockpiling of rare earth by the State Reserve Bureau expected soon. However, as effect of the clampdown was not yet felt in the market and the timing and volume of stockpiling remained unclear, price increase for rare earth products was limited. Most investors only watched from the sidelines. SMM expects rare earth product prices to hold steady at high levels this week.