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China owns more than a third of earth's strategic elements

chinadaily.com.cn | Updated: 2019-07-12 19:39

China is sitting atop the biggest trove of strategic rare earth elements on the planet — 40 million metric tons, more than a third of the estimated global total.

Now it wants to exploit that dominant position more strongly for its own benefit, rather than mainly shipping the precious materials to other countries. And it's moving to boost refinement of its own rare earth elements for use in its own innovations.

 

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