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Books > Earth & environment > The environment > Environmental economics
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China's Virtual Monopoly of Rare Earth Elements - Economic, Technological and Strategic Implications (Paperback)
Loot Price: R1,244
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China's Virtual Monopoly of Rare Earth Elements - Economic, Technological and Strategic Implications (Paperback)
Series: Routledge Contemporary China Series
Expected to ship within 12 - 17 working days
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Rare Earth Elements are a group of 17 metals which have a central
role in modern industry, increasingly used in the fields of green
technologies, high technological consumer goods, industrial and
medical appliances and modern weapons systems. Although deposits of
Rare Earths are globally dispersed, over 90% of global demand has
been provided by Chinese mines since the late 1990s, leading to a
situation where China has a virtual monopoly. This book surveys the
Rare Earths mining industry, discusses the extent to which Rare
Earths really are scarce elsewhere in the world and assesses the
economics of production, considering arguments for the rationing of
supply, for higher pricing and for a total export embargo. This
actually occurred in 2010, demonstrating the vulnerability of the
rest of the world to China's control of these increasingly vital
resources.
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