Industry Needs to Support Rare Earth Miners to Counter Chinese Monopoly

Mining Weekly reported that, despite reports of numerous rare earth projects ramping to counter the Chinese global monopoly on the rare earth market there is little actual movement, which some are blaming on a lack of funding.

As quoted in the market report:

He pointed to a time three years ago that saw a big surge in new projects coming to the fore when rare earths prices shot up as a result of China’s clamping down on rare earths export (which in some commentators’ views was a political move), but said most of these had now stalled owing to a lack of funding to move them further up the value curve.

To view the whole Mining Weekly report, click here.