Posted On: 01/24/2014 9:02:16 AM
Post# of 12186
$SLIO ~ There is a huge demand for rare earth elements in both private and public sectors!
Rare Earth Elements and Rare Earth Metals are an important material in a number of industrial processes as well as for high technology and military applications. The future demand for REE’s is strong and growing.
Demand for rare earth oxides is predicted to more than double in less than five years, from 120,000 to over 240,000 tons per year by 2015.
China produces more than 95% of the world’s rare earths. China has recently imposed extraordinary export restrictions on rare earth sales. As China restricts supply the opportunity for companies exploring and developing deposits is growing.
(0)
(0)Scroll down for more posts ▼
