China Consolidates Grip on Rare Earths

The New York Times reported that China’s closure of several rare earth mines is hurting the industries that rely on REEs for their products.

The market news is quoted as saying:

Most of the country’s rare earth factories have been closed since early August, including those under government control, to allow for installation of pollution control equipment that must be in place by Oct. 1, executives and regulators said.

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