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China to Form Two Rare Earth Giants to Strengthen Pricing Power | Source: BLOOMBERG

China is planning to create two rare earth mining giants in an effort to gain better pricing power in global markets. Beijing has been restructuring the industry for years, to maintain its dominance in the production of the strategic metals, of which it controls 70%, as the U.S. and Europe look to develop their own production and supply chains and diversify away from China.

Source: BLOOMBERG


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