26.04.2013 - Russia to compete with China in rare earth metals production

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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