Baku - APA-Economics. Prices for rare-earth metals, which are used in everything from iPods to flat-screen TVs to missiles, are rising sharply as China builds up a stockpile and cuts quotas, so much so that some industries fear global supplies may be in serious jeopardy.
Rare-earth metals are among some of the most sought-after materials in modern manufacturing, and demand for at least some of them is soon set to outstrip supply.
Japan and the US, the world’s biggest importers of rare earths, are concerned that China, which produces more than 95 per cent of the world’s supply is trying to limit supplies, and urged Beijing not to use the elements as a trade weapon.
Rare-earth metal prices spike as China stockpiles supplies
21 June 2011 08:07 (UTC +04:00)
İDMAN XƏBƏR
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