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Home / Metal News / Newssummary: Ganzhou Rare Earth, Rising Nonferrous Buy REE below Market Price

Newssummary: Ganzhou Rare Earth, Rising Nonferrous Buy REE below Market Price

Nov 6, 2013 15:52

Source:SMM

Ganzhou Rare Earth Group Co. and Guangdong Rising Nonferrous Metals Group Co. are buying a rare earth element (REE) below market prices ahead of national stockpiling program, DZHNews reported.

SHANGHAI, Nov. 6 (SMM) – Ganzhou Rare Earth Group Co. and Rising Nonferrous Metals Co. are buying a rare earth element (REE) below market prices ahead of national stockpiling program, DZHNews reported.

The two companies are buying dysprosium oxide at 1.8 million yuan ($293,310) per tonne and 1.85 million yuan per tonne, respectively, the Chinese news agency reported today, citing unnamed industry sources.

The full report is available on Shanghai Metals Market’s Chinese-language website: www.smm.cn.

Chinese news summary

Ganzhou Rare Earth Group Co.

Rising Nonferrous Metals Co.

China rare earth stockpiling

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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Newssummary: Ganzhou Rare Earth, Rising Nonferrous Buy REE below Market Price

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