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Oilprice.com reported on the coming boom in the rare earths industry.
Oilprice.com reported on the coming boom in the rare earths industry.
As quoted in the market news:
The world market for rare earths is tiny now, amounting to only $1.4 billion a year. But Toyota intends on doubling its production of Prius’s from one million to 2 million units in the near future, while China and South Korea want to boost their combined electric and hybrid production by 1 million units by the end of next year.