China Inspects Rare-Earth Production

Wall Street Journal reported that China is beginning inspections of rare earth producers in an effort to exert more control over production and exports.

As quoted in the market news:

The inspections, which are being conducted by MIIT and the Ministry of Land Resources, will include spot visits to three to five companies in each province or district. Local customs departments will be required to provide information on steps taken to combat rare-earth smuggling.

Click here to read the full Wall Street Journal report.