Price changes of Chinese rare earth products since 2009

摘要

Affected by economy recession started since 2008, global consumption became weak.Chinese rare earth industry,which has high dependence on the consumption from outside China,experienced a tough period of time led by an abrupt decrease in demand. Prices of rare earth products dropped rapidly and significantly and fluctuated at a low level near the cost line persistently.The market was very grim in 2009. At the beginning of 2009,Chinese government set down ten industry revitalization and development pro-