China has a near-monopoly on mining and processing rare earth elements but is itself expected to become a net importer of REEs in the near future. The reliance on rare earth elements for much of the world's future growth, particularly for alternative energy development, cannot be overstated. Rare earth, just like its name, is a very rare and precious natural mineral resource .Rare earth is a group of 17 chemically similar elements … »More detailed MINING RARE EARTH ELEMENTS: Compared to other hard rock mining, there are very few REE mines throughout the globe.
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