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China leading rare earth supply

According to foreign media reports, the latest research shows that the emerging industry for the dependence of rare earth is gradually increased, while China has dominated rare earth supply, a "global rare earths by China" pattern. This makes some countries worried about security of supply for the rare earths.

According to IHS's latest report shows that as the world increasingly rely on computers, smart phones, defense systems, offshore wind turbines and hybrid vehicles and other equipment, which increased the manufacturers and in some countries the main raw material for rare earth supply disruptions risk, because most of the raw material supplied by China.

In addition, she said, some governments have realized that the "global rare earths by China" this pattern will affect the impact of its national security interests and industries. Meanwhile, the supply shortage will also make a rare earth prices soared, raise the cost of imports of rare earth resources. This wake-up call for the world to achieve supply diversification and seek alternative resources.

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