United States and Japan want to break the monopoly of China Rare Earth

U.S. Pentagon and the Japanese Toyota Motor Corporation is trying to break China's global monopoly of rare earth mining. Rare earth is used in the manufacture of military drones and electric vehicles.

U.S. Department of Defense and Asia's largest car manufacturer is working with Canadian companies and Mata Meck You Keer metals exploration companies to cooperate. The two companies are developing rare earth mine in North America. This will increase the supply of the so-called heavy rare earth. Heavy rare earths are 17 kinds of chemically similar chemical elements stock fewer elements. This is 17 kinds of chemical elements from the wind turbines for the production to high-performance magnets for cars and weapons of many products is essential.

In China in 2010 after a significant decrease in exports of rare earths, foreign buyers are forced to look for other rare earth producer. China Part of the reason to do so is to keep domestic industries such material. Earlier, China's rare earth supplies to meet the needs of 95% of the world, its market share is three times in 1990. This new generation of wind turbines and environmentally friendly lighting technology foreign producers risks.

Mata Meck exploration company CEO Andre Gauthier, said: "The key to this contest will be the first which a mineral mined out."

Toyota Group Toyota Tsusho trade sector held with Mata Meck exploration joint venture company 49% of the shares, and is for the Quebec Ji Pawa project feasibility study funding. Gauthier said that Toyota will get this mine dysprosium, and other mineral deposits with a mine may also be developed.

Washington lobbying firm J · A · Green, president of Jeff Green said the U.S. Department of Defense may have been formed to create a preliminary excluding China supply chain, to provide the required use of heavy rare earths to produce weapons systems for high performance magnets.

You Keer metals company in October announced that the U.S. Department of Defense has expanded its exploration and cooperation. Last month, the Canadian mining group magnet manufacturer Onishi said that the U.S. Department of Defense has selected the company to study for the jet engine supply of yttrium oxide, and the closure of the U.S. holding a magnet manufacturers Thomas Skinner, the company said, the Pentagon investment in research will NdFeB magnets.

U.S. precious metals research and consulting firm's data show that China consumes two-thirds of the global supply of rare earth, while the United States consumes about 10%. The company said, dysprosium, yttrium, terbium will be in short supply. American Institute for Analysis of Global Security Senior Fellow Jack Lifton said that five years ago, heavy rare earth production is almost unchanged, the annual output of 1700 tons.

He said: "The heavy rare earth never enough, the price will be very strong and we are stuck here."

It is predicted that by the end of 2019, the company and Mata Meck You Keer metals exploration company which owns the mine may make without China's participation in the project will be the heavy rare earth production increased 60%.

Lifton said that to meet the emerging market automotive and consumer electronics products ever-increasing demand, this growth is a must.

You Keer rare CEO Jim McKenzie said the biggest demand for heavy rare earths from the automotive industry and the aerospace industry.

Lifton said that China did not find a new rare earth resources, their own resources may be exhausted five years to 30 years, and is expected to 2016, non-Chinese rare earth supply will be increased to five times the existing, accounting for 31%.

McKenzie said: "China's demand will be greedy and if the United States has such a substance, China may become a net importer of the United States can now reverse the situation." View Poll Results


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