Chinese Metal Trade Leader Calls for Consolidation of China Rare Earth Industry
Gov.cn reports that the president of China's largest metals trader, China Minmetals, has called for government efforts to consolidate the rare earth industry and nurture competitive domestic firms in the sector. Zhou Zhongshu said that the difficulties facing China's rare…
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earth industry mainly come from the fact that local authorities, owners of rare earth mines, tend to issue mining licenses to local firms. Often small companies churn out low value-added products, which hinders the development of the sector.