WCHN - Rare Earth Metal Prices Shift From Concerns Over Trade To Coronavirus
Rare earth metals have become some of the most significant ingredients in products this century. The electronics, mobility, and energy sectors all require the strategic minerals used in nuclear reactors, LEDs, magnets, electric motors, sensors, as well as smartphones, flat-screen monitors, hybrid vehicles, and even in homes.
China dominates the world's supply of all of the rare earth metals with a market share of over 85% of production. Over the coming years, the US is likely to increase its production of strategic metals. Reducing dependence on Chinese exports is a matter of natural security.
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