Initiatives include a boost to mining, refining and magnet production to supply new-energy industry and global markets while firms and nations race to diversify.

A northern Chinese region that boasts the world’s biggest rare earth element (REE) mine is looking to develop its second-largest city, Baotou, into a world-leading hub for critical materials. And analysts say the effort could further shore up China’s leading position in the supply chain. In a 10-year development plan, which includes intentions to build a “solid ecological security barrier”, the Inner Mongolia autonomous region said it will make comprehensive progress on the protection and…

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