Via Metal Miner The Rare Earths MMI Monthly Metals Index recently began to cool down following two months of bullish momentum. Altogether, the index dropped by about 3.39%. Many components of the index traded sideways, while some others, like praseodymium neodymium oxide, declined. That said, the index still holds the potential to move back up in the remainder of Q4.
The chairman stands accused of fabricating VAT receipts while dealing rare earths with Thai Duong Group. Currently, the corporation runs a mine in the northern Vietnamese province of Yen Bai. Inquiry calls to Tuan on Friday went unanswered, and VTRE’s Hanoi headquarters remained closed for days. Doan Van Huan, the chairman of Thai Duong Group, was also detained on suspicion of profiting illicitly from the sale of ore taken from the Yen Bai mine his business ran.