China Cuts Rare-Earths Mine Permits 41% to Boost Control
China reduced the number of permits to mine rare earths by 41 percent, tightening production of the metallic elements used in batteries and magnets.
China issued 67 mining licenses for rare earths and 10 exploration permits, the Ministry of Land and Resources said yesterday in a statement. The nation previously had 113 mining licenses, said Wei Chishan, a Shanghai-based analyst at SMM Information & Technology Co.
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