Saudi Arabia has shut down half of its oil production after drones attacked the world's largest oil processing facility in the kingdom.Marketsread more
Yemen's Houthi rebels have claimed responsibility for the attacks, which created a huge fire at a processor essential to global energy supplies.Politicsread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
(Adds background and details)
BEIJING, June 11 (Reuters) - China launched a survey of rare earth resources in seven regions on Monday, the China Securities Journal reported on Tuesday, amid speculation Beijing may curb exports of the materials to the United States.
The newspaper, controlled by the official Xinhua News Agency, said China's state planner National Development and Reform Commission, industry ministry and the natural resources ministry began the survey in areas including Inner Mongolia and Jiangxi province.
Local authorities in the surveyed regions must provide specific data and cases on major issues in protecting, developing and applying the resources, according to the official newspaper.
Beijing also asked these provinces to share thoughts and suggestions on how to improve the supply security of strategic mining resources like rare earths.
The ministries could not immediately be reached for comment outside normal business hours.
The campaign, mainly directed by the country's state planner, might lead to a reduction of rare earth output and push up prices, as Beijing is expected to crack down on illegal mining and trade of the critical elements, said the newspaper, citing an unidentified industry insider.
Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponise its supply-dominance of the prized minerals in its trade war with Washington.
China accounted for 80% of rare earths, a group of 17 chemical elements used in high-technology consumer electronics and military equipment, imported by the United States from 2014 to 2017.
China is home to at least 85% of the world's capacity to process rare earth ores into material manufacturers can use, according to research firm Adamas Intelligence. (Reporting by Beijing Monitoring Desk, Hallie Gu, and Vincent Lee; Editing by Mark Potter)