China’s Global Share of Rare Earth Production to Drop

Reuters Africa reported that a former Ministry of Industry and Information Technology said that China’s stranglehold over rare earths will relax.

The market news is quoted as saying:

The country’s rare earth output would drop from 95 percent of global output to 60 percent, reversing global reliance on China, Wang Caifeng, a former Ministry of Industry and Information Technology (MIIT) official told the official China Daily.

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