China Minmetals Calls for Rare Earth Production Suspension

Reuters reports that Minmetals has urged all firms in the rare earth sector to maintain the national output quota by suspending production starting from the beginning of August.

The market news is quoted as saying:

Minmetals, which aims to take advantage of Beijing’s industry restructuring plans by becoming one of China’s biggest rare earth producers and processors, has already halted operations at its processing plants and wants other companies to follow.

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