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China Invites Foreign Firms to Form Rare Earth Joint Ventures

4:32 AM MDT | April 27, 2012 | Deepti Ramesh

The Ministry of Industry and Information Technology in China (MIIT; Beijing) has invited foreign companies to form rare earth joint venture projects with Chinese firms, say press reports. The focus will be on environment-friendly projects. China’s rare earth deposits account for only 35% of the world’s total, but China remains the world’s largest rare earth exporter and it accounts for more than 96% of global supplies of the 17 rare earth metals. These products are used in the electronics, defense, automotive, and renewable energy industries...

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