Chinese Economy: General News, Updates and Discussions

Deep-sea mining for rare earths on Minamitorishima, with a mining cost of about $119,000 per kilogram —on the international market, that's enough to buy nearly a ton of finished rare earths, specifically industrial-grade praseodymium-neodymium oxide Japan's so-called deep-sea rare earth mining is really just for domestic propaganda, to soothe the anxieties of the Japanese public—once that's done, they're still groveling to China behind closed doors, begging China to ease up on rare earth controls
 

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