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November 21, 2012
09:47 EDTMCP, AVL, SHZ, REEChina to spend money to back rare earth mining sector, Xinhua reports
China said that it would allocate funds to support its rare earth mining sector, according to Xinhua which cited the country's Ministry of Finance. Some of the funds will be spent on R&D and developing high tech applications, the news service added. Reference Link
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