Beijing Moves to Tighten Rare Earth Production

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.

Click here to access the entire market news.