China Sets Aside Funds To Improve Domestic Rare Earth Industry

Mineweb reported that China has set aside funds China’s Central Government Budget to go towards improving the domestic rare earth industry, including helping companies upgrading equipment.

As quoted in the market report:

The money will be used to support the supervision of rare earths resource extraction, the use of green mining techniques for rare earths, and the implementation of low-power, low emission, clean and efficient smelting technology, according to a notice published on the website of China’s Ministry of Finance.

To view the whole Mineweb report, click here.