China Uses Rare Earths to Lure Manufacturing Plants

CNBC News reported that China’s dominance in the rare earth sector is drawing companies to set up manufacturing plants in the country.

The market news is quoted as saying:

Companies like Showa Denko and Santoku of Japan and Intematix of the United States are adding new factory capacity in China this year instead of elsewhere because they need access to the raw materials, known as rare earth metals.

To read the full market news, click here.