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    China Spends US$949 Million on Rare Earth Stockpiles

    Written by Investing News Network
    |
    Jul. 16, 2012 09:22PM PST

    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.

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