Rare Earths Set to Become Less So as Users Hunt Alternatives

Sydney Morning Herald reported that consumers of rare earths are seeking alternatives to using rare earths in their products.

The market news is quoted as saying:

Makers of electric cars, wind turbines and oil-refining catalysts have sought to reduce use of the metals after China, which supplies more than 90 per cent of the market, said in July 2010 that it would cut exports and clamp down on the industry. That boosted prices, encouraging mining companies to develop new prospects and buyers to find alternatives.

To read the full market news, click here.