Rare earth metals are important for the manufacture of many electronic products, from fluorescent lamps to iPod headsets to hybrid vehicles. China provides 95% of the world's rare earth metal supply. So when China began to restrict rare earth exports in 2010 and claimed to implement trade protection, global rare earth prices rose. Now that the rare earth crisis is easing, after the skyrocketing in 2010, the prices of various rare earth metals have begun to fall rapidly. So what happened in the past two years? One point to note is that although it is called “rare earthâ€, rare earth metals are not so rare. During the 20th century, Brazil, India, the United States, and South Africa were major producers of rare earths. However, in the 1980s, China had significantly increased its output, thus driving its competitors out of the market. According to reports, in 2010, China decided to cut its export quota by 40%. This makes the price of rare earths rise, and other countries have to produce rare earths themselves. For example, Molycorp is re-starting the expansion of its rare earth metal mine. In fact, Japan has restricted its dependence on Japan in the past few years because of the territorial dispute between Japan and China. Panasonic has developed a technology to recover cesium from old electronic devices. Honda also recycles rare earths from used car batteries. In order to reduce the consumption of rare earths, the hard disk head manufacturer TDK Corp has been tampering from the inside of the engine to the outside of the engine. Japan's demand for rare earths has decreased from 31,000 tons in 2010 to 23,000 tons in 2011. Even though China is still the world's largest exporter of rare earths, its control of the global rare earth market has been greatly weakened. The market has made its own adjustments in two years. Now China is also changing its strategy and announcing the need to increase export quotas. waste coupling pvc,waste coupling for sink,waste coupling for wash basin,sink waste coupling,wash basin waste coupling,waste pipe coupling Yuyao Gaobao Sanitary Ware Factory , https://www.gurberry.com
China’s control of rare earths is weakening the announcement of increased export quotas
Abstract Rare earth metals are important for the manufacture of many electronic products, from fluorescent lamps to iPod headsets to hybrid vehicles. China provides 95% of the world's rare earth metal supply. So when China began to restrict rare earth exports in 2010 and claimed to trade...