China Tightens Hold on Rare Earth Exports

Everyone is fighting for resources, and when it comes to raw materials, these materials are a necessity as it is the basic building blocks for the manufacturing sector. Nevertheless, China has always been one of the most active exporters of rare earth, whereby the earth contains elements that can be extracted and can be used for manufacturing processes. In fact, China accounts for a whopping 97 percent of rare earth production, and it also seems that the country is trying to cut back their exports by at least 10 percent in 2011. Naturally, China is also one of the largest producers of consumers goods, and I’m sure they need these natural resources for their local industries too. Comments (0) Subscribe to this comment's feed Write comment Name Email Comment Write the displayed characters Add Comment

 

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