ANNOUNCED AS TEMPORARYNo
In October 2011, numerous and consistent press articles reported on two incidences of potential price manipulation of the price of Chinese rare earths exports.
On 18 October 2011, the largest Chinese rare earth mining company Baotou announced a halt to its production. The company said it would pause production for a month "balancing supply and demand." Baotou's share in Chinese rare earth extraction is estimated to lie around 40 percent.
A second string of press reports hints at the informal enforcement of "minimum export prices" through the Chinese customs authorities. Apparently, export contracts had to be rewritten in order to qualify for international shipment.
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