Rare Earth Elements and China's Dominance of the Global Market

Seminar paper from the year 2012 in the subject Business economics - Economic Policy, , language: English, abstract: Almost twenty years after Deng Xiaoping stated: ‘There is oil in the Middle East, but there is rare earth in China,’ the country controls the REE global supply almost solely. Recent Chinese policies of raising taxes and cutting export quotas combined with its temporary ban on REE ex...