Thank China for Rare Earth Minerals Not Being So Rare Anymore
China's exports have surged to a four-year high
Molycorp Inc.'s Mountain Pass Facility
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Rare earth minerals aren’t so rare anymore, thanks to China.
Chinese exports of the minerals doubled in July from a year earlier, reaching the highest level in more than four years, according to government data. Shipments advanced after the country last year scrapped its 15-year-old export controls, and then in April removed a tax on ore shipments.