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EU says must 'step up' against China rare earths 'racket'
EU says must 'step up' against China rare earths 'racket'
Business and Economy
by  AFP

The European Union must ramp up efforts to break its dependence on China for rare earths faced with export curbs that amount to a "racket" by Beijing, the bloc's industry chief Stephane Sejourne said Tuesday. China, the world's top producer of rare earths, in October announced new controls on the export of the elements, used to make magnets crucial to the auto, electronics and defence industries.