China does not intent to keep role of major Rare Earth supplier

China's top Rare Earth producer said Thursday that the Country does not intend to maintain its role as the World's major Rare Earth supplier, and the trend of tight supplies is irreversible.

The country will gradually shift to a domestic demand-oriented path from the external demand-oriented path, said Li Zhong, vice president of Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Holding Co.

Prices of Rare Earths are expected to stay at high levels during the rest of the year, Li said at the ongoing Rare Earths 2011 conference that runs from September 15 to 16.

Paul A. Ebeling, Jnr.

 

Paul A. Ebeling, Jnr

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.