Hoarding The Rare Earth Wealth: China May Limit Export Of Rare Elements
The big scare about oil is that it’s a dirty and diminishing resource. We are running low on supplies while polluting our environment. While we do consume oil at a ghastly rate, there are plenty of other materials that go into the cars, computers, and cell phones that we have all grown very accustomed to. Rare metals not easily accessible. China currently controls 95% of the rare-metal market, having flooded the market last decade with cheaper metals and wiping out most of the competition.
Whether sensing a precarious position or a powerful one, China is now considering a partial or total ban on certain rare earth elements. Some of these elements are directly related to the future of fuel. What will hybrids do without their Lanthanum?
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Filed Under: Electric Vehicles
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