Chinese rare earth prices hit 20-month high on Myanmar supply worry

A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. REUTERS/Stringer/File photo Acquire Licensing Rights BEIJING/HANOI, Sept 7 (Reuters) – Chinese rare earth prices jumped to their highest in 20 months, as mining suspension in major producer Myanmar sparked stockpiling ahead of the peak consumption season, analysts said on Thursday. Prices of dysprosium oxide leapt to 2,610 yuan ($356) per kilogramme on Wednesday, the highest since May 2022, latest data provided by Shanghai Metals Market (SMM) on LSEG Eikon showed. Terbium oxide prices rose to 8,600 yuan a kilogramme,…