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Monday, March 02, 2015 6:41:12 AM
While there’s no reliable way to gauge how much of this stuff we have left, we can at least be sure of one thing: Supplies of the elements that drive our iPads, missile systems, and Xboxes are going to run out. “It’s not going to be possible,” Veronese says, “to keep the game going forever.”
The world’s richest source of rare earth metals is China’s Bayan Obo Mining District. In the 1990s, the Chinese government did a very smart thing: They started putting out an enormous amount of these metals at very low prices, which made mining them so unprofitable that other operations just closed down. So while China has about a third of the world’s supply, its market share is 97 percent.
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