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Rare Earth: Recent Chinese Moves Only Support the Investment Thesis
Jan. 20, 2011 11:08PM PST
Critical MetalsMarket Jigsaw Puzzle Blog reports that China has further tightened the rare earth noose as it has invoked a seldom-used mining law to take direct control of 11 rare earth mining districts in southern China.
Market Jigsaw Puzzle Blog reports that China has further tightened the rare earth noose as it has invoked a seldom-used mining law to take direct control of 11 rare earth mining districts in southern China.
The market news is quoted as saying:
China has been in the news with their export reductions over the last few months and this move, essentially, helps them enforce their export quotas. Some feel that a large percentage of HREE production is illegal and can therefore take place under China’s radar.