Home > China, Environment > More on Rare Earths and Export Restrictions

More on Rare Earths and Export Restrictions

Lots of possible discussion topics in this report:

China’s quotas may have helped push up demand – and prices – enough to make extraction cost-effective.

Several companies are now starting to extract rare earths outside China. In 2010, US company Molycorp reopened the Mountain Pass mine in California for the first time in eight years. Australia’s Alkane Resources has a pilot plant in New South Wales, and hopes to start large-scale mining by the end of 2013.

Plus, more background on why China’s exports of rare earths are falling:

China is now imposing stricter regulations. As of last year, only companies that comply are allowed to export rare earths.

I think you’ll see this theme a lot in the next few years: China will move away from dependance on exporting industries that have high externalities…because it can more and more afford the move.

Development isn’t always good for the environment. But clearly, often it is.

Categories: China, Environment
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