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The Russian government has decided to decrease the rare-earth metals ore mining tax. According to the chairman of the government Dmitry Medvedev, this will stimulate the mining of rare-earth metals. The tax is proposed to be decreased from 8% to 4.8%.
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A rare-earth element (REE) or rare-earth metal (REM), as defined by IUPAC, is one of a set of seventeen chemical elements in the periodic table, specifically the fifteen lanthanides, as well as scandium and yttrium.
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