China’s monopoly on rare earths

Michael Marshall

It’s a rare fight. The US, Europe and Japan have lodged a formal complaintwith the World Trade Organization over China’s export of rare earths – or lack of it.

China produces 95 per cent of the global supply of the 17 metals, which are used in technologies from cellphones to wind turbines, but it has set upquotas restricting exports.

Despite their name, rare earths can be mined on most continents, although the cost of extraction has been too high to be economical. China’s quotas may have helped push up demand – and prices – enough to make extraction cost-effective.

Read More>>

Advertisements

Comments are closed.

%d bloggers like this: