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| The Next Oil? |
Rare earth metals are quickly fitting the then central strategic resource. For many countries in Asia, the stakes are large.
Rare earth metals (REM) are increasingly fitting a judgmental strategic resource. The 17 elements can be found in for the most part high-tech gadgets, from forward-looking armed knowledge to mobile phones. Figurines at this time holds retrieve to larger than 90 percent of the world’s production. To the same extent comprehensive demand increases, Beijing’s export reductions in contemporary years own unnatural high-tech firms to relocate to figurines and unnatural other governments to pour money into their exploration and production. An emergent India is amid persons concerned around China’s control of rare earths. During the precedent 12 months, the geopolitics of rare earths has be converted into evident. REMs are fitting a strategic resource larger than which the two emerging giants are competing in Asia. Indeed, solitary might say rare earths are fast fitting “the then smear with oil.”
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My Comment: A good review on why rare earths play a vital role in today's modern economy .... and why they are essential to the defense industry.
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