industry

After the volume of deposits, the main concentrates of minerals containing rare earth elements are found in China. Rare earth elements industry began to be developed in China in 1950. The Chinese production gradually started in 1985. Exporting at very low prices, the Chinese eliminate any Western competition: their monopoly installed bit by bit. China is in the middle of a delicate transition, with a new generation of leaders, approaching to power, something that happens only once at 10 years.