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EnviroTech :: Climate Change
Report: China's Dominance in Rare Earths Set to Diminish
3:59 PM MDT | August 18, 2011 | Vincent Valk
China, which currently accounts for about 96% of global supply of rare earth oxides (REOs), is projected to lose market share as other producers come online, according to a report by Technology Metals Research (TMR; Carptenersville, IL), a consulting firm. The report forecasts China's share of global to supply to decline to 41% by 2017, down from 96% this year. It is expected to fall below 50% in 2016. REOs are used in wind turbines and other green technology. Photo courtesy dtsomp's flickr photostream, via creative commons license. However, the supply picture...
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