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Countering China's Grip on Rare Earth Commodities

Countering China's Grip on Rare Earth Commodities PDF Author: Norbert Chang
Publisher:
ISBN:
Category : China
Languages : en
Pages : 7

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Book Description
As it possesses some of the most abundant deposits, China was, by the 1990s, already set to be the world’s largest producer of rare earth elements (REEs). China is able to maintain a monopoly on both supply and demand, which could potentially be used as the determining factor in its trade war with the US. The important lesson learned from the 2010 REE embargo, for both China and the rest of the world, is that it is possible to diversify the sources of REE supplies. Possessing mine-side supplies is only half of the equation; innovation and the creation of more processing facilities are required to counter a monopoly of REEs.