According to foreign media said China is losing influence of rare earth , rare earth and very important for the industry concerned .

According to the German "World News" website reported on March 12 , four years ago , China 's share of the rare earth market share close to 98% , in a monopoly position , but now it encountered some competition. Although China has maintained a strong market power in the production of rare earths , but gradually lost market share.

German Federal Institute for Earth Sciences and Natural Resources , after assessing the current world market data report released in 2010 , 97.6% of the rare earths produced in China by 2013 , this proportion dropped to 92.1% . US-Russian production of rare earths in the world market share respectively of 4.3 % and 2.3 %.

According to reports , atrophy rare earth production in the world . 2009 close to 133,500 tons of global exploitation , and 2013 was only 90,500 tons . Rare are used in mobile phones , flat panel displays and wind power equipment. Extremely dependent on the rare earth industry .

Reported that rare earth prices rose sharply in 2011 , resulting in people looking for rare earth mine outside of China , the world's then newly discovered more than 440 mineral deposits.

The institute noted that the current known reserves of rare earth available in the current production levels 285 years .


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