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    market news

    China nationalizes 11 rare earth mines

    Investing News Network
    Jan. 20, 2011 06:46PM PST
    Rare Earth Investing

    AFP reports that China has brought 11 rare earth mines under state control as Beijing consolidates the industry.

    AFP reports that China has brought 11 rare earth mines under state control as Beijing consolidates the industry.

    The market news is quoted as saying:

    China, which produces more than 95 percent of the world’s rare earths, has tightened control over the metals by slashing quotas for overseas shipments, hiking export taxes and cracking down on heavily polluting mines.

    Click here to access the entire news

    market newschinarare earth mines
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