China Is the worldwide reservoir of rare earths?

This article complements that already done with rare earths [HERE].

China is now the only producing country but the Asian giant has probably less than 50% of the reserves of rare earths present in the earth’s surface. In 2010, China has provided 97% of world production of rare earths, but has consumed just over half. Apart fromthe United States, soon to restart mining, the largest consumers are Japan, Germany and France.

World map of rare earth producing countries and consuming countries for 2009 and 2010

World map of rare earth producing countries and consuming countries for 2009 and 2010

This atlas created by the firm “SIA Conseil“, (translated by me), from geological data, illustrates the uneasy around these metals particularly strategic: the applicant countries are poor in minerals. Hence the need for Europe to position itself on mining projects that start outside, particularly in Asia and Africa.

China mines over 95pc of the world’s rare earth minerals and is looking to hoard its resources.

China mines over 95pc of the world’s rare earth minerals and is looking to hoard its resources.

The problem of rare earths is still full.

Source : [energie.sia-conseil.com]