Investors line up North American rare earth juniors
Canadian exploration companies are targeting scores of rare earth projects in the country and around the world and with help from the federal government are making a concerted effort to loosen China’s grip on the industry.
At the moment China produces some 90% of the world’s rare earths, but the country’s REE industry is beset by problems including illegal mining, smuggling due to export quotas, environmental devastation and a lack of global competitiveness as a result of weak research and development.
The Canadian REE industry players has ambitious goals to secure 20% of global supply by 2018 and lead research and development in the field.
Read more at; http://www.mining.com/investors-pile-into-north-american-rare-earth-juniors-64717/
A Blog for Browsing Mining, Mineral Processing, and Metals Info 