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China companies get green light for rare earth exchange

Posted on 27 May 2011

China’s biggest rare earth producer, Baotou Steel Rare Earth (Group) Hi Tech , has won local government approval to start an exchange to trade the increasingly lucrative metals used in many high-tech goods, state media reported on Friday.
The regional government of Inner Mongolia, where the Shanghai-listed company’s mining and processing operations are based, gave the “green light to the establishment of a rare earth exchange in the city of Baotou,”………………………………………Full Article: Source


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