CHONGQING, China -- China will restructure three rare-earths producers to create a state-owned company with a nearly 70% share of the domestic production quota for the metals that are essential to manufacturing high-tech products.
Economy
China to create rare-earths giant by joining three state companies
Beijing to tighten grip on market with SOE controlling 70% of domestic production
A rare-earths mine in Inner Mongolia, China. The country is the world's largest producer of the metals. © Kyodo
Read Next
Latest on Economy
