BEIJING: China, the world's largest producer and consumer of rare earths, may start building an 18,000-tonne strategic stockpile of the elements in September, the Economic Information Daily newspaper said.
Though it has just 23% of global reserves, China accounts for more than 90% of the world's supplies of rare earths. It has trimmed its export quotas in recent years, angering trade partners who say the curbs are unfair.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
