Prices for rare earths at record level

Rare earth prices in China have risen to record levels. A price index of the China Rare Earth Industry Association, which measures the prices of 21 rare earths and combination products, has increased by 99 percent compared to the same period last year, as reported by the business portal Caixin. According to the report, the index has risen 86 basis points to a level of 426 since the beginning of the year alone.