Jun 1, 2012Business
China to hoard rare earth metals to stabilize prices

Controlling 95% of the world's rare-earth mineral market, the Chinese government is looking at stabilizing dramatically fluctuating rare earth metal prices. They plan on accomplishing this establishing an inventory of these materials, using strategic buying and selling to reduce the damage done by volatile rare earth prices. I wonder, especially with more international companies getting into the game -- is this a good idea?

China considers rare earth reserve to stabilize prices: paper | Reuters
SHANGHAI (Reuters) - China is considering a national inventory reserve of rare earths in a bid to stabilize prices for the 17 metals, crucial for the defense, electronics and renewable-energy industries,
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