The Mexican government will begin funding the deep exploration of rare earth projects

Mexico will begin to explore the projects funded positioned on the rare earth metals, rare earth metals have applications in a wide variety , such as green technology , defense systems, consumer electronics and high-tech industries such as increasingly important .

According to the National Geological Survey (SGM) , the global demand for rare earths in 2016 will reach 160,000 tons , of which China is expected to produce 80 %, which leaves room for other suppliers ,

Meanwhile , the latest release by the National Academy of Sciences and the European Union 's research has issued a warning to the world , saying that some of the key elements in the future may soon face a serious shortage . Currently about 95 % of the world's most advanced rare earth from Asia, China , and the country needs to export quotas . Currently , except China , only two rare earth mine in production . One of them is the Australian company to the NC , Lynas CorpM, another American molybdenum company (Molycorp).

Mexico is one of the world's most advanced 10 largest crude oil producer , ambitious government last year proposed a reform plan. This is designed to open the country's energy sector program for more than seven decades . They also seek to use cheap energy to promote local industry

State mining company directly employs approximately 334,000 employees , 200 million are indirectly employed , is in addition to the oil , automotive and electronics fourth largest foreign exchange earner .

Although the number of rare earth deposits in Mexico is not yet clear, but the country 's deep in the West Bank , there are such elements. Deep-sea mining, although unlikely to replace mined land , but still can ease fears of a shortage of rare earth and to challenge China 's rare earth monopoly.


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