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Commodities Briefing - Categorized | Metals and Minerals more

Rare earth production won’t be ready before end of shortage

Posted on 24 October 2011

Russia, with as much as a third of the world’s rare earth deposits, will take at least a decade to develop them and step into the breach that has been created since China chopped supply of the metals to the rest of the world.

China controls about 95 percent of the market for the 17 elements in demand by manufacturers of everything from hybrid autos to wind power stations and has cut its export quota by about 40 percent in the past two years, sending prices soaring………………………………………Full Article: Source


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