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Commodities

Rare-earth metal prices climb as China builds reserves

China is building a large stockpile of rare-earth metals.

TOKYO -- International spot prices for rare-earth metals are rising amid moves by China to stockpile those key materials for high-tech consumer electronics and hybrid vehicles.

Neodymium, which is used in high-performance magnets, is selling for around $56 per kilogram -- up 10% from a month ago and the highest since July 2015. Dysprosium prices have climbed 3% from the previous month to $265 per kilogram, while prices of terbium, a phosphor raw material, have increased 11% to around $570 per kilogram.

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