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Commerzbank Sees Further Tightness In Rare-Earth Metals

The already tight supply situation on the rare-earth market could intensify in future,” says a research note from Commerzbank. China’s finance ministry has announced that export duties on some of these raw materials will be increased to 25%, and next year’s export quotas are still under discussion, Commerzbank says. “We believe another reduction is likely. China currently accounts for 97% of the world production of rare earths, giving it a virtual monopoly.”