Rare earth prices look set to rocket following China’s decision to slash rare earth exports for 2010, with supply from China likely to fall a long way short of overseas demand, rare earths expert Dudley Kingsnorth told IM.Late last week, the Chinese Ministry of Commerce cut its second-half export quota by 70%, bringing the export limit for 2010 some 40% below last year’s figure (IM 9 July 2010: China slashes rare earth exports).“Chinese rare earth export quotas...