The Conversation (0)
Forbes reported that the Chinese monopoly on the global supply of the rare earths market is beginning to diminish.
Forbes reported that the Chinese monopoly on the global supply of the rare earths market is beginning to diminish.
As quoted in the market report:
And thus we again see how an apparent monopoly isn’t really all that much use to the supposed monopolist. It certainly was true that China supplied 95-97% of the world’s REs. Largely because they were willing to mine and supply at prices that made it not worth anyone else’s while to do so. But when they tried to constrain supply, to exercise that monopoly, instead of being able to exploit us all they simply encouraged the competition that destroys that monopoly.