tackling its rare earth industry issues
History has a habit of repeating itself. Each society goes through different stages in its development and it’s time for China to tackle his environmental and rare earth industry issues.
Although China currently dominates the global supply of these metals, a crackdown on illegal mining and environmental issues, and their focus on the recently issued new Rare earth industry standards means change is imminent. China will restrict its annual output and rare earth exports consequently increasing the domestic demand by moving to high-tech manufacturing processes and gradually becoming a net importer for NdPr.