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Technology Stocks : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: WALT REISCH who wrote (2530)	10/27/1998 12:06:00 PM
From: Tom Hoff	Respond to of 8393

LONDON, Oct 27 (Reuters) - Asia's economic crisis may speed the restructuring of China's rare earth industry, a recent report by industry specialists Roskill Information Services said. Chinese producers -- which supplied more than 60 percent of world rare earth products last year -- were under particular pressure from waning demand in Japan and South Korea, markets on which they were heavily reliant. While forecasts for world demand for rare earths were revised down to 70,000 tonnes per year by 2000, strong growth was expected in three end uses -- magnets, nickel hydride batteries and autocatalysts. Asia has the largest known reserves of rare earth ores and is the largest producer of mined rare earths and rare earth intermediates. China's rare earth metal reserves are estimated at more than 80 percent of the world total.