Recent Dynamics in the Global CRITICAL Rare-Earths Market and ...
Recent Dynamics in the Global CRITICAL Rare-Earths Market and ...
Recent Dynamics in the Global CRITICAL Rare-Earths Market and ...
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What caused <strong>the</strong> recent REE price spike<br />
• Triggered by 40% reduction <strong>in</strong> 2010 export quotas<br />
• Led to disconnect between <strong>in</strong>ternal & export pric<strong>in</strong>g<br />
• Inflection po<strong>in</strong>t <strong>in</strong> Feb 2011 for <strong>in</strong>ternal Ch<strong>in</strong>a prices<br />
• Internal stockpil<strong>in</strong>g / speculation<br />
• Siphon<strong>in</strong>g to black market for export – arbitrage opportunity<br />
• Prices peaked <strong>in</strong> Jul-Aug 2011<br />
• Significant reduction <strong>in</strong> volumes of official exports<br />
• Apparent <strong>in</strong>crease <strong>in</strong> smuggl<strong>in</strong>g of rare-earth materials<br />
<strong>Rare</strong>-Earth Price Volatility<br />
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