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Rare earth metal prices see sharp rise

Values of rare earth metal (REMs) are rising sharply as a result of China stockpiling the materials and restricting exports.

The Independent has reported that demand for REMs is soon to outstrip supply as China, which produces 95% of the world’s supply, tries to keep the material in the country.

According to the newspaper, China’s Cabinet and State Council has authorised a crackdown on unregulated rare-earth mining and has introduced restrictions on exports, saying the moves are necessary to deliver a more sustainable approach to REM production in the country.

This could affect the value of certain types of waste electrical and electronic equipment, which contain small amounts of REMs. 

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