BEIJING -- China has raised its rare-earth metal production quota for 2023 by 14% over last year to 240,000 tonnes, as the country moves to support its booming electric vehicle (EV) industry.
Materials
China boosts rare earths production to bolster booming EV industry
Output quota of critical elements for 2023 increases 14%
The Bayan Obo mine in Inner Mongolia, China. The country accounted for 70% of the world's rare earth production in 2022. © Reuters
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