Nothing smells fishy here ...
The fairest rare earth element of them all
"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.