The Race Is On

The time has come for other participants, besides China, to re-enter the REE sector. Several European and US producers need to get back into REE production.

In fact, history shows that the United States had had a head start in a previous, similar race, before China, coming from way behind, and pipped it to the post. Today, China, by shrewd manoeuvring, is the lone runner, having garnered about 96 per cent of the global supply.

2009 may have gone in price corrections following the global recession. But REEs saw a significant price increase between 2006-2008. Similar hopes are being floated for 2010.

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