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Going GREEN? CHINA'S has the lock on REEs!


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#1 Rogerdodger

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Posted 20 December 2020 - 10:08 PM

Nothing smells fishy here ...

 

Outlook 2021

The fairest rare earth element of them all

Kitco.com

"If nations want to go green, they must have REEs." (Rare Earth Elements)

China has a lock on rare earth supply.

The U.S. Geological Survey estimates that rare earth imports of REE from the Middle Kingdom will hit 80%."

 

Adamas Intelligence forecasts that the value of global magnet rare earth oxide consumption will rise five-fold by 2030, from $2.98 billion this year to $15.65 billion at the end of the decade.

"If the global industry continues to operate myopically – preparing, anticipating and investing only for a three to five-year outlook – the rate of demand growth for magnet rare earths will soon reach ‘escape velocity’; a point at which annual demand growth becomes so great (i.e. 6,000 tonnes per annum) that it is simply implausible for the already-lagging supply-side to catch up and keep up," writes the reports authors.


Edited by Rogerdodger, 20 December 2020 - 10:10 PM.


#2 sixpack

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Posted 20 December 2020 - 10:28 PM

Why am I not surprised.  Seems all roads lead to China these days.