Reports of reducing rare earth output 'inconsistent with facts': China

Ministry of Industry and Information Technology says reports it reduced rare earth output in the second half of 2018 to a five-year low of 45,000 tonnes are "inconsistent with facts," the Shanghai Securities News reported.

China Ministry of Industry and Information Technology says reports it reduced rare earth output in the second half of 2018 to a five-year low of 45,000 tonnes are "inconsistent with facts," the Shanghai Securities News reported on Tuesday.

Citing data from Adamas Intelligence, Reuters reported on Oct. 25 that China was limiting domestic production of rare earth minerals in the second half of the year, in a move likely to crimp exports and boost prices.