A few years ago China was the largest supplier of rare earths in the world with 95 per cent of the world production of rare earths coming from China . In 2010 China took a turn in its marketing strategy for rare earths. It restricted export of rare earth by imposing a quota of 40 per cent on exports of rare earths. Export to Japan was totally cut off due to some dispute between the two countries. The ensuing uncertainty about rare earth supply led to the sky-rocketing of the price of rare earths in the world market. The high ...
1502 Word Essay Examples
1 sample of this type
