15 Dec '11, 10am

China’s Rare Earth Monopoly

China’s Rare Earth Monopoly

China’s claim on the rare earths market began in the 1980’s. Premier Deng Xioping famously quipped “the Middle East has oil, but China has rare earths,” and the country rapidly ramped up mining efforts. This drove production costs down so sharply that rare earth mining became unprofitable in other countries, including the U.S., which had led global production since the 1960s. It also boosted China’s economy.

Full article: http://cleantechnica.com/2011/12/15/chinas-rare-earth-mon...

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