The world depends to a large extent on China's rare earths

Recently, the Chinese government has begun to limit the export quotas for rare earths. Countries like Japan, the United States and some European countries are quite worried about this policy because they have been importing rare earths from China for a long time. These counties blame the Chinese government for new policies, and the Chinese government sees this policy as one of the legal ways to control rare earth resources. Therefore, these countries must develop rare earths in their sovereign territory. In addition, it is also necessary to develop alternative technologies to eliminate rare earths.

A large number of rare earth deposits have been developed around the world. For example, Japanese companies have accelerated cooperation with foreign companies to develop new overseas mines. However, many people suspect that the exploration of new mines can help these countries get rid of dependence on Chinese rare earths. The exploration of new mines cannot achieve the timely operation of producing rare earth mines, and cannot meet the demand of enterprises for resources to support normal operation.

All countries have tried their best to reduce their dependence on rare earths imported from China. However, China's market dominance is not easy to change. Most of the projects that develop new mines outside of China are in their infancy and cannot provide all types of rare earth products to counties in need.

The Chinese government began implementing rare earth export restrictions in 2005, which is an introspection of exporting large amounts of resources at low prices in the past few years. Many Chinese companies explore resources and expand exports at the expense of the environment. In order to protect the environment and control resources, the Chinese government began to suppress the rare earth industry and control prices by seizing the market. In addition, the government has accelerated the introduction of advanced process technology from abroad.

It is hard to say whether China will increase the export volume of rare earths in the future. The world needs a long time to explore and process resources to meet production needs. There are no rare earth metals like enamel and enamel, and various vehicles and household appliances cannot be used. Therefore, the development of alternative technologies cannot be delayed.

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