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Reuters reports Chinese mining giant Minmetals plans to list its rare earth unit as the price of rare earth elements hit new highs amid supply worries.
Reuters reports Chinese mining giant Minmetals plans to list its rare earth unit as the price of rare earth elements hit new highs amid supply worries.
The market news is quoted as saying:
China Minmetals Rare Earth Co Ltd, which mainly produces the more expensive heavy rare earth elements in the Ganzhou area of Jiangxi Province, reported revenue of 1.98 billion yuan ($296.5 million) in 2009.
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