Leaders in Supply & Demand Side Intelligence
NEW DELHI--March 22, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--For decades, China has dominated the global supply of rare earth elements (REEs), a group of 17 elements that are critical to modern technology, renewable energy and defense systems. With almost 60-70% of the market share in REEs, China's commanding position is a growing concern for countries vulnerable to supply disruptions. This dominance is prompting nations outside of China to ramp up investments in rare earth ore mining to strengthen their domestic supplies while reducing reliance on China.
Industrial Info is tracking more than 140 projects worth US$18.47 billion geared toward rare earth ore mining.
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