Friday, August 26, 2016 2:56:30 PM
From their website:
"•China currently controls and produces 94% of global Light Rare Earths (LREEs)
•China currently controls and produces 100% of global Heavy Rare Earths (HREEs)
•There is currently an export quota system that is regulated by the central Chinese authorities.
•Export quotas have been decreasing year over year causing firms to seek secure supply outside of China
•China has a double pricing system where domestic pricing is held down to encourage firms to transfer of their manufacturing capacity and intellectual property processes to China
•Current market dynamics create opportunities for firms that can be first to market with non-Chinese sources of Rare Earths.
•Secondary sources of supply are critical for non-Chinese based manufacturers to safe guard proprietary processes."
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