Beijing finds several companies involved in Chinese rare earth black market

By Antonio Torrisi
Published: Wednesday, 03 September 2014

A turn of the screw by the Chinese government in tackling the domestic rare earths black market found several producers bought illegal mined products with the acquiescence of local governments, a fact that is hampering Beijing’s efforts to eradicate smuggling.

China’s Ministry of Industry and Information Technology (MIIT) has found that some rare earth producers in the Hunan province have been purchasing illegally mined products.

Following a recent investigation, MIIT officials have discovered eight rare earths enterprises and four other mine companies absorbed more than 4,400 tonnes of illegal...

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