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Reuters reports that China has created a “state planning” zone covering the country’s biggest rare earth mines in a move to cut production of the vital rare mineral elements used for numerous high-tech goods.
Reuters reports that China has created a “state planning” zone covering the country’s biggest rare earth mines in a move to cut production of the vital rare mineral elements used for numerous high-tech goods.
The market news is quoted as saying:
China says the export quota cuts and tightened control over production will prevent reckless exploitation of the deposits and and will reduce pollution resulting from the mining process.