A forward look into the US rare-earth industry; How potential mines can connect to the global REE market
Mining Engineering, 2018, Vol. 70, No. 8, pp. 30-30
Barakos, George; Mischo, Helmut; Gutzmer, Jens
It has been nearly eight years since rare-earth elements (REE) became the subject of front-page headlines. It was when the controversial Chinese export policy for these critical commodities was epitomized in a maritime border dispute with Japan in September 2010 that resulted in the big REE crisis and price spike of 2011 (Barakos et al., 2016c; Mancheri, 2015).
The world was dismayed, especially in REE-importing countries such as the United States that was, and still is, totally dependent on Chinese production and exports (Barakos et al, 2016c; Kennedy, 2015). The short-lived alarm initiated a treasure hunt by way of exploration for REE deposits all over the world. The continuously growing demand on the one hand, and the Chinese sovereignty of the REE-market on the other, led the rest of the world to explore their own REE resources. In just a few years, more than 400 projects were initiated to explore REE deposits outside of China
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