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Trade war

Rare-earth wars: China expands production to squeeze US entrants

Beijing keeps prices low as Washington seeks to boost homegrown players

BEIJING -- China, the world's largest producer of rare-earth metals, will expand production to record levels, as it seeks to maintain its global dominance in the field.

The Ministry of Industry and Information Technology has set this year's production quota at 132,000 tons, 10% higher than last year. This will be the second consecutive year that production hits a record high.

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