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January 8, 2013
08:16 EDTREE, MCP, AVL, SHZChina sharply reduces rare earth production quota, China Daily reports
China set its 2013 production quota for a type of rare earth metal at about half the level of the 2012 quota , according to China Daily, which cited a statement by the Chinese government that was posted on Saturday. The rare earth metal is used in mobile phones, hybrid cars and missile systems, the newspaper stated. Reference Link
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