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Bloomberg reports that U.S. Secretary of State Hillary Clinton called on China to clarify its policy on rare earth minerals.
Bloomberg reports that U.S. Secretary of State Hillary Clinton called on China to clarify its policy on rare earth minerals.
The market news is quoted as saying:
China, the source of more than 90 percent of the world’s rare earths, in July reduced its second-half export quota for the minerals used in hybrid vehicles and weapons systems. Chinese customs officials are also further restricting shipments, according to industry participants and Japanese lawmakers. Maehara reiterated that Japan must diversify its supply source.