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    market news

    China to Create Rare Earth Monopoly in Inner Mongolia

    Investing News Network
    Jun. 08, 2011 12:25PM PST
    Rare Earth Investing

    Reuters Africa reported that China is consolidating 35 rare earth miners into one firm.

    Reuters Africa reported that China is consolidating 35 rare earth miners into one firm.

    The market news is quoted as saying:

    China’s efforts to streamline its chaotic rare earth sector have sparked concerns internationally about Beijing developing a chokehold over a vital group of metals used in industries like defence and renewable energy.

    To read the full market news, click here.

    market newschinarare earth miners
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