China's Rare Earth Update
Another article - Earth-Friendly Elements, Mined Destructively - NY Times.
Key Points from the Article:
My previous posts
Key Points from the Article:
- The mining of these rare elements is dominated by criminal gangs in China.
- China has the majority of mines for these rare elements.
- The rare elements are key for green technologies.
- China is attempting to restrict the exports of these rare minerals to increase their industrial exports (4 steep cuts in 4 years, this year was 12%).
- The mining destructive for the local environment.
- Up to half of the rare earth exports from China are smuggle out.
- It will take years for Western Suppliers of rare earths to get into production.
My previous posts
Labels: china's future
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