China ensures its domination of rare-earths global production & supply as it sets up new megafirm


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China ensures its domination of rare-earths global production & supply as it sets up new megafirm The government is seeking to extend control from production of the metals, essential to manufacturing high-tech products, to the entire supply chain, including exports. Beijing plans to accelerate the development of resources and processing technology, and to strengthen control over the mining sector. The move also comes as the United States looks to create an alternate supply chain for rare earths, joining forces with Australia. [Also on rt.com What are rare earth metals & why they are China's ‘nuclear option’ in trade war with...