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Russia to compete with China in rare earth metals production

Posted on 26 April 2013

Russia plans to invest $1 bln in the extraction of rare earth metals to compete with market leader China which controls around 97% of world production.
State-run Rostekh and the IST group of companies, owned by businessman Aleksandr Nesis, are planning to create a joint venture, Kommersant daily reported, citing sources close to the developments………………………………………..Full Article: Source


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