China’s Rare Earths Firms Rally as Fresh Industry Overhaul Looms
- Producers in biggest producer rally on hopes prices will climb
- Beijing seeks ‘unified development plan’ starting from October
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China’s rare earths producers jumped after Beijing unveiled a regulatory overhaul of the sector that could squeeze supplies and lift languishing prices of the critical minerals.
A “unified development plan” for the sector will come into force from Oct. 1, aiming to step up government oversight of the entire supply chain, two ministries said in a joint statement.