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The wild card remains China, which effectively sets pricing by its decision on export permitting for its own rare earths output.
FORBES: Connect
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Two facts account for the disparity: The metals are relatively easier to access in China, and China's unregulated wild-cat mines don't need to pass on any environmental mitigation costs to their customers abroad.
WSJ: Business Asia: Postcards From the Rare-Earth Front
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And fans in China will no doubt go wild.
FORBES: World Cup Time Out: China's Ron Artest Wins NBA Championship. (Or, Buh-Bye Yao Ming)
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At the moment, accounting in China is a bit like the Wild West of America in the 1800s.
FORBES: How to Ensure Strong Boards and Proper Accounting Standards in China
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"We implement our international obligations to protect endangered wild animals, and we have always honoured our international obligations, " China's foreign ministry spokeswoman Jiang Yu told reporters as the auction opened.
BBC: Ivory auction opens amid concerns
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The leaf eating monkeys are found in Vietnam and southern China and it is thought less than 2, 500 remain in the wild.
BBC: NEWS | UK | Northern Ireland | Zoo celebrates rare monkey birth
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Many of the most critically affected species are found in China, including Magnolia phanerophlebia, of which only around 200 trees are estimated to exist in the wild and Magnolia sinica, believed to have a single population of fewer than 10 mature trees.
CNN: Half of magnolias face extinction