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Bloomberg reported that mining rights for rare earth from China have been cut in half to help the country consolidate its producers.

Bloomberg reported that mining rights for rare earth from China have been cut in half to help the country consolidate its producers.

 Chen Zhanheng, a deputy secretary- general at the Association of China Rare Earth Industry, commented:

Reducing mining rights helps streamline rare-earth development. Still, illegal mining is a bigger issue that the government needs to tackle.

Click here to read the full Bloomberg report.

 

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