China Corners Over 90% of Market for Rare-Earth Metals

China has cornered 97% of the world market for rare earth metals, according to Byron King (the Times Online puts the number at 95%, and the Financial Times puts the number at "over 90%").

As the Times Online notes:

"The weight and magnetic properties of rare-earth metals have made them important for wind turbines, essential to hybrid cars, and indispensable if the world ever hopes to covert to fully electric vehicles..."

For more details, please click on the link to read the article.

China Corners Over 90% of Market for Rare-Earth Metals