A Blog for Browsing Mining, Mineral Processing, and Metals Info

While China continues to be the rare earth industry leader, producing about 92% of the global output, its share in global production has decreased steadily in recent years, a study by Germany’s Federal Institute for Geosciences and Natural Resources (BGR) released last week  shows.

According to the Hannover-base institute, in 2010 the Asian nation covered 97.6% of worldwide demand, which means China’s piece of the pie has shortened by 5.7% in the last three years.

Profits, in turn, slumped 28% to less than $1.3 billion, as prices for the elements a used by variety of industries including green technology, defence systems and consumer electronics, continued to fall.

Read more at: http://www.mining.com/chinas-stake-in-rare-earths-market-shrinking-36907/?utm_source=digest-en-mining-140317&utm_medium=email&utm_campaign=digest