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China Consolidates Rare Earths Sector, Cuts in Half Approval and Release of Mining Rights

China, in yet another endeavor to loop-thread and consolidate its patchy rare earths mining sector, has decreased in half the approval and release of mining rights it can award to producers and mining firms.

In a report by Bloomberg News, Chen Zhanheng, deputy secretary-general at the Association of China Rare Earth Industry said the world's largest producer and exporter of the precious elements has slashed to 65 nationwide the mining rights for the sector.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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