Industry Update
China rare earth market share to fall to 65%
Hohhot customs released new March 19 that rare earth export of Inner Mongolia saw year-on-year rise of 30% at 660 tonnes over the last two months while average prices(36 thousand RMB per ton) were only half of those last year.
According to the Hohhot customs, 429 rare earth projects in 37 countries, operational now and in future, are estimated to have overall capacity of 170 thousand tonnes.
