China, biggest produce of rare earths, expects to import more

The Australian reports China’s chief rare earths research body says it expects the nation to become a net importer, even though it is the world’s biggest producer.

The press release is quoted as saying:

The concern over rare earths supply has led Japan’s Sojitz to form a partnership with Lynas Corp, which gives it import rights for 9000 tonnes of Australian rare-earth metals a year.

Click here to access the entire press release