New Invoice System to further Regulate Rare Earths Industry

  • Thursday, November 3, 2011
  • Source:Ferro-alloys.com

  • Keywords:Rare Earths
[Fellow]China may introduce specialized invoices for designated rare earths producers this month, which could trigger panic selling by small companies on the domestic market and lead to a short-term price plunge, industry insiders said.
China may introduce specialized invoices for designated rare earths producers this month, which could trigger panic selling by small companies on the domestic market and lead to a short-term price plunge, industry insiders said.
 
Several companies have said that the invoices will be launched in November by the government to further curb the illegal production of rare earths, according to some industry analysts.
 
The industry speculation has yet to be officially confirmed, but as one of the effective measures to regulate the market, the introduction of specialized invoices will come out sooner or later, said Wei Chishan, a researcher at the nonferrous metals information provider Shanghai Metals Market.
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