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Etftrends.com reports that the rare earth metals market and exchange traded fund (ETF) dance to the Chinese government’s tune.
Etftrends.com reports that the rare earth metals market and exchange traded fund (ETF) dance to the Chinese government’s tune.
The market news is quoted as saying:
Who Controls the Market? That would be China, which produces more than 95% of global rare earths supply. The country is now imposing export quotas and tariffs on its supplies, which total 89 million tons. That’s bad news for countries like Japan that solely relies on China for its supply.