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    market news

    China Spends US$949 Million on Rare Earth Stockpiles

    Investing News Network
    Jul. 16, 2012 09:22PM PST
    Rare Earth Investing

    Mineweb reported that China has allocated roughly US$949 million for its rare earth stockpiling program.

    Mineweb reported that China has allocated roughly US$949 million for its rare earth stockpiling program.

    Shi Yaoqiang, an official with China’s Ministry Industry and Information commented:

    China has adopted various ways of collecting rare earths, such as building strategic reserves and purchasing rare earths for national storage.

    Click here to read the full Mineweb report.

    market newschina
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