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Rare earth mines in the US and Australia have closed in recent years due to Chinese competition (Photo: Chuck Coker)

EU concerned by Chinese industrial policy

EU trade commissioner Karel De Gucht has warned that recent Chinese restrictions on sales of valued rare earths could be a bellwether of things to come.

"[It] hints that China is developing an industrial policy aiming at transferring as much as possible production to China," Mr De Gucht told an EU-China conference on Tuesday evening (26 October) in Brussels.

The row over rare earths - a group of essential minerals used in high-tech products such as mobile phones and flat-screen ...

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Rare earth mines in the US and Australia have closed in recent years due to Chinese competition (Photo: Chuck Coker)

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