China Could ‘Weaponise’ its Dominance in Rare Earths Market, Warn UK Security Experts

Apr 5, 2021 | EARNINGS

The hi-tech trappings of the global world are driving a growing demand for rare earth metals, as they are used in things like batteries, smartphones, hybrid vehicles, and wind turbines. With the lucrative market estimated by Global Market Insights to be worth around $20 billion by 2024, China holds about 45 million tonnes of reserves.

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