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US remains almost entirely dependent on China rare earths

from Mining.com

A new report BMI Research says the Chinese government will continue to ramp up rare earth metal exports in a bid to regain control of rare earth pricing policy. The country produces more than 85% of the global supply of the 17 elements. A surge in exports from China since a ruling by the WTO deemed the country's export quotas illegal and particularly after the lifting of exports tariffs in May, caused a further slide in prices which have been declining rapidly from peaks reached in 2011. more


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