- Reuters•6 months ago
MELBOURNE/BEIJING, Feb 2 (Reuters) - China plans to boost its crackdown on illegal mining of rare earths by setting up a system to certify the origin of supplies of the materials, used in everything from fighter jets to mobile phones. Illegal Chinese output and smuggling have helped drag global rare earth prices to their lowest in around six years, hitting legitimate producers hard inside and outside China, which churns out 90 percent of the world's supply. "There's a reasonable level of agitation in every part of the supply chain which is saying (the industry situation) is not good," said Amanda Lacaze, chief executive of Australia's Lynas Corp, the only remaining rare earths miner outside China.
- Associated Press•last year
The Lakewood, Colorado-based company said it had a loss of 4 cents per share. The company's shares closed at 36 cents. A year ago, they were trading at $1.18. _____ This story was generated by Automated ...
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