China strengthens monopoly in rare-earth minerals

Chinese state-owned Baotou Steel Rare-Earth High-Tech Co and Jiangxi Copper Corp, two of China’s largest rare-earth miners, have announced a unified pricing system, according to the China Daily. China supplies 95% of the world’s rare-earth oxides, so therefore Baotou and Jianxi will virtually control the market, good news for China as it can control use … Continue reading China strengthens monopoly in rare-earth minerals