China says domestic competition hurting rare earth prices

Auto Components China says domestic competition hurting rare earth prices Prices for some rare earths in China, such as praseodymium-neodymium (PrNd) – used in rare earth magnets – have spiked to multi-year highs this year amid strong demand from the electric vehicle sector. However, prices for other rare earths mined simultaneously, such as cerium and lanthanum , used in catalysts for oil refining, remain depressed due to abundant supply. Reuters March 01, 2021, 19:04 IST China’s industry ministry proposed in January tightening regulation of the rare earth sector, including a stipulation that importers and exporters abide by foreign trade and…