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Commodities

Supply glut pushes down rare-metal prices

China's possible policy shift on hybrid cars further dampens market sentiment

Spot prices for cobalt in Europe are near three-year lows as new sources of supply have come on stream faster than demand has risen.   © Reuters

TOKYO -- Prices for rare-earth metals are falling sharply, with the price of cobalt dropping 30% since the start of the year, and that for lithium remaining sluggish.

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