Rare earth quotas in China, which the world s top producer uses to control supply, are set to rise at a much slower rate this year amid a supply glut, industry participants said on Wednesday. . -May 29, 2024 at 12:06 pm EDT
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SOURCE / ECONOMY By GT staff reporters Published: Mar 12, 2021 07:23 PM
Mining of rare earths is conducted in Baiyunebo, North China s Inner Mongolia Autonomous Region on July 16, 2011. File photo: VCG
It may be logical for the Quad alliance, grouping the US, Japan, Australia and India, to team up to counter China in the rare-earth sector, given the dominant role the country plays in supplying more than half of the world s such key materials, yet the lack of relevant technologies and talent could obstruct their progress in building up a supply chain from scratch, which needs to take quite a few years to complete, industry observers told the Global Times.