Experts say the main reason behind such debacle is a combination of steadily rising production, pipeline constraints and an unexpected outage at a U.S. refinery.
About 90% of China’s rare earth producers are currently operating at a loss as prices for the coveted elements continue to drop due to a global glut and illegal mining.
The Atlantic province has ended a program that guaranteed small-scale energy producers a sustainable fee for their electricity, and gave citizens an incentive to use renewable energy.