Rare earth elements – China announces a further reduction in exports

Al Jazeera reports that China has announced that it will cut its export of rare earth elements by 11%, for environmental reasons and to secure supplies to its companies.

The article states that the U.S. requested that the Chinese end export restraints and received a refusal and a request the U.S. to complain to the W.T.O. Japan has is also concerned about the limitations.

Molycorp Inc in the US and Thompson Creek Metals Co in Canada are hurrying to open rare earth mines along with other companies.

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