China warns its rare earth reserves are declining

[phantom power]

China has warned that the decline in its rare earth reserves in major mining areas is "accelerating", as most of the original resources are depleted.

In a policy paper, China's cabinet blamed excessive exploitation and illegal mining for the decline.

China accounts for more than 90% of the world's rare earth supplies, but has just 23% of global reserves.

It has urged those with reserves to boost production of the elements, which are used to make electrical goods.

http://www.bbc.co.uk/news/business-18516461

[Ezlivin]

1. And so it starts....

Our industries have an increasing need for rare earth metals.

If China restrains exports we are going to be in a bad position. It's not possible to find these metals everywhere and supplies are limited even when found.