CHINA'S DOMINANCE OF RARE EARTH ELEMENTS WORRIES THE WEST

  • 26/04/2021

As China continues to dominate the rare earth elements around the world, the Western countries are pushing towards self-reliance in the procurement of scarce metals and minerals that are essential for the manufacture of electric car batteries, satellites, weapons, wind turbines and solar panels.
Rare earth elements are produced in a handful of countries and play an essential role in technology, from microchips to speakers to X-ray imaging.According to the Centre for Strategic and International Studies (CSIS), China provides more than 85 per cent of the world's rare earth and is home to about two-thirds of the global supply of scarce metals and minerals like antimony and baryte.China dominates solar PV manufacturing and is home to more than 90 per cent of the world's wafer manufacturing capacity.China had most of the world's capacity for key components used in lithium-ion battery manufacturing and 80 per cent of global battery cell manufacturing capacity.

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