China’s Solar Strategy Has Eery Similarities

The Street reported on China’s dominance over the rare earth industry.

The market news is quoted as saying:

The rest of the world allowed China to take away business because of cheap labor. In 2010, China cut export quotas for the minerals needed to make hybrid cars and televisions by 72 percent. The result: Since the end of 2010, the composite price of the REE oxides has tripled.

To read the full market news, click here.