China has announced plans to restructure three rare-earths producers into a state-owned company controlling an almost 70% share of the domestic production quota for the commodities that are essential to making high-tech products. By restructuring the country’s major rare-earth companies, the government seeks to extend control from production to the entire supply chain, including exports. The move comes as the US looks to create an alternate supply chain for rare earths, joining forces with Australia.
Source: China Economic Review
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