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New Plant Opened to Combat China’s Stranglehold on Global Supply for Rare Earth Metals
Nov. 05, 2012 09:34AM PST
Rare Earth Investing
Reuters reported that in an effort to combat China’s s dominance on rare earth metals global supply, Kazakhstan’s state nuclear company and Japanese trading house Sumitomo Corp opened a new plant.
Reuters reported that in an effort to combat China’s s dominance on rare earth metals global supply, Kazakhstan’s state nuclear company and Japanese trading house Sumitomo Corp opened a new plant.
As quoted in the market report:
Summit Atom Rare Earth Co, a joint venture between Kazatomprom and Sumitomo, will produce 1,500 tonnes a year of rare earth oxides at a $30 million plant in the north of the Central Asian republic. Japan will be its biggest market.