Rare earth exports to S Korea surge in June
Updated: 2012-07-24 14:25
(Xinhua)
|
|||||||||||
SEOUL -- China's rare earth exports to South Korea surged last month due to a fall in export prices, Korean customs data showed Tuesday.
South Korea purchased a total of 126 metric tons of rare earth material from China in June, up 36.3 percent from a month earlier, according to the Korea Customs Service.
In terms of value, rare earth export to South Korea edged down 0.4 percent on-month to $3.8 million in June, indicating that falling export prices contributed mainly to the June surge.
Rare earth materials, including scandium and yttrium, are key components for modern-day technologies such as hybrid electric vehicles, liquid crystal display and other high-tech products.
Meanwhile, magnesium exports to South Korea soared 73.3 percent on-month to 903 tons in June, but tungsten exports declined 24.8 percent to 36 tons. Cobalt exports to the country expanded 39.2 percent to 436 tons over the cited period.
Related Stories
S Korea's rare earth imports from China surge in May 2012-06-21 16:41
Sino-Korea FTA a win-win arrangement for both countries 2012-06-19 17:46
China halves rare earth mining rights 2012-07-17 14:12
China 'building up rare earth reserves' 2012-07-14 09:23
Rare earth trading platform to start operating in Aug 2012-07-13 14:24
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |