The Rare Earths market is a subset of the Mining industry, focused on the extraction and processing of rare earth elements. Rare earth elements are a group of 17 elements that are essential for the production of a wide range of products, from consumer electronics to military equipment. The demand for rare earths has grown significantly in recent years, driven by the increasing use of these elements in new technologies.
The mining of rare earths is a complex process, requiring specialized equipment and expertise. The cost of extraction and processing is high, and the environmental impact of mining is a major concern. As a result, the rare earths market is highly regulated, with governments around the world imposing strict rules on the industry.
Some of the major players in the rare earths market include Molycorp, Lynas Corporation, China Minmetals Corporation, and Great Western Minerals Group. Show Less Read more