China rare earth prices explode as export volumes collapse----magnet price goes up dramatically

Keywords: magnet price , rare earth    Publish Time: 04-15-2011

China's exports of rare earth metals burst through the $100,000-per-tonne mark for the first time in February, up almost nine fold from a year before, while the volume of trade stayed far below historical averages.
 
 
China's squeeze on rare earths, which are used in a wide range.The magnet price goes up rapidly because of this .