S. Korea's August Import of Rare Earths From China Down 60%

  • Wednesday, September 19, 2012
  • Source:Ferro-alloys.com

  • Keywords:Rare Earths
[Fellow]A surge in import prices has forced South Korea to import less of the precious rare earths from China in August.
A surge in import prices has forced South Korea to import less of the precious rare earths from China in August.
 
Latest data released by the Korea Customs Service (KCS) on Monday showed South Korea's rare earth purchases from China dropped 60.6 per cent in August, or only a total of 61 tonnes, a first in five months.
 
KCS blamed the purchase drop to the surge in import prices, which in August grew by 31 per cent. It added the cut in rare earths imports from China balances the increase in imports that South Korea purchased from Japan and France.
 
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