By 2014, Rare Earth Minerals Deficit to be 13%

Business Standard reported that research suggests a global deficit of rare earths reaching 13% by 2014.

As quoted in the market news:

According to a recent report by Globe Research, the overall annual supply of rare earth minerals is likely to remain tight at 156,200 tonnes, as compared to demand of 177,200 tonnes in 2014. In 2010, total supply was 125,000 tonnes, a deficit of 15,000 tonnes from the global demand. Beginning 2015, however, over 200 mines are set to commence operation, which may smoothen supplies.

Click here to read the full Business Standard report.