It seems that tolerance has gone, at least for now. China's Ministry of Industry and Information Technology issued an edict on June 6 saying producers should stick to output quotas and that those without quotas, or which exceed the quotas, should halt production. Quotas also shouldn't be granted to firms that infringe safety or environmental rules.


It's also been a wild year for many other lesser-traded metals. Prices for "light" rare earths including neodymium and praseodymium have also shot up as part of China's mining clean-up. Battery materials such as cobalt and steel-hardener vanadium have surged, while minor precious metals like ruthenium rallied too.

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