Market Chatter: China Implements Stricter Rare Earth Regulation; Rare Earth Metal Stocks Firmer

By Staff,

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China today published a white paper detailing stricter environmental standards and protective exploitation policies for the rare earth industry, according to a report in Global Times.

The white paper, released by China's Information Office of the State Council, also said that it will continue to supply the global market in line with WTO rules, the report stated.

Chinese officials are also defending the stricter rules, saying these comply with WTO rules and are a necessary move to protect against further environmental damage, the report stated further.

Stocks in the rare earth metals industry are trading higher at mid-day following the news: Molycorp ( MCP ) is up 10%; Rare Element Resources ( REE ) is up 9%; Avalon Rare Metals ( AVL ) is up 6.5%; and Tasman Metals ( TAS ) is up 5%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: AVL , MCP , REE , TAS

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