China is the largest rare earth producer and exporter in the world. But the 30,000 ton quota set by Chinese officials may only be half of the actual amount being exported by China.
As the green energy movement continues to grow globally, researchers are becoming concerned about the available supply of rare earth metals used in everything from advanced batteries to wind turbines and catalytic converters.
As we have highlighted the demand and the political issues surrounding rare earths elements, there is one name that has been over looked – and could be well positioned to take advantage of growing demand. However, before we jump into the stock we need to understand the rare earths space.
Rare earth metals plays have been on the run since last week’s discovery of potentially massive undersea deposits of these key industrial materials, but today’s news from China may provide support.