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Friday, July 20, 2018

African rare earth developers gain the upper hand after Chinese cut-backs

African rare earth developers gain the upper hand after Chinese cut-backs: The demand for rare earth materials outside of China may quickly escalate as one of the largest producers of such materials in China has suspended production.

State-owned Aluminum Corp of China, or Chinalco, recently requested that its rare earth unit in southern China’s Guangxi region (Chinalco Rare Earth & Metals) suspend operations after inspectors found the company breached environmental rules – and more specifically, contaminating water sources.

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