We’re falling further behind China in critical minerals
China is working hard to maintain its control of the rare earths markets that are critical to net-zero. We're barely in the game
By Macdonald Laurier Institute & Heather Exner-Pirot—— Bio and Archives--May 19, 2024
Canadian News, Opinion | Comments | Back To Full Article
At the time, the opening of a small rare earths mine in the Northwest Territories in 2021 was heralded as an important step in breaking China’s monopoly over this strategic commodity. Rare earths are used in everything from electric vehicles and cell phones to wind turbines and jet engines. China currently extracts more than 60 per cent of rare earth elements and processes as much as 90 per cent of global supply. The case of Vital Metals and the Nechalacho mine show just how far it’s willing to go to maintain a stranglehold on the rare earths market. What was once a hopeful story is now a cautionary tale.
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