Métaux rares

The international concern over China’s cut in exports of the rare earth elements, REEs, has just been ratcheted up a notch as a Chinese government official said that the country might trim another 30% from already reduced REE export levels. China produces about 97% of the world’s supply of REEs, or about 120,000 tons in 2010.

http://www.cyberpresse.ca/international/201010/19/01-4334108-la-chine-a-cesse-dexporter-aux-etats-unis-un-minerai-vital.php?utm_categorieinterne=trafficdrivers&utm_contenuinterne=cyberpresse_B4_manchettes_231_accueil_POS1

The only other countries currently producing REEs are India and South Africa, but a very small amount. Molycorp Inc. (NYSE:MCP) plans to re-open the Mountain Pass mine in California next year and plans production of 20,000 tons of REEs when the mine is fully operational in 2012. The mine was until the 1980s the world’s largest producer of REEs.

http://en.wikipedia.org/wiki/Rare_earth_element

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