IMPORTANCE OF CHINA
China is such a dominant player that it is sensible to examine the country’s contribution to global rare earth elements. It should be borne in mind that although China has nearly 97 per cent of REE production it has only about 33 per cent of global reserves. The key dilemma facing the rest of the world is that it is going to take many years for existing and new REE discoveries to come to production – in some cases up to 15 years from the original discovery of the ore body. This also assumes that financing is available for the development of these resources. Chinese production is based in nine different provinces, with mostly LREEs being found in Inner Mongolia. The key provinces are:
- Fujian
- Guangdong
- Guangxi
- Hunan
- Inner Mongolia ...
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