SHANGHAI, Aug. 16 (SMM) – Recently, the Department of Land & Resources of Guangxi and Fujian issued the second batch of rare earth and tungsten ore mining quotas for this year.
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The quotas meet market expectations, so there is little impact on market, SMM understands.
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Relevant departments will step up crackdowns on illegal mining activity.
This year, relevant departments’ crackdowns on illegal mining activity are tough, especially strict inspections on scrap recycling firms. Some illegally mined rare earth is in the hands of scrap recycling firms.
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