Japan's in a Social Panic As China Has Stopped to Export Rare Earth to It

According to Japan News reported , as sino-japanese ship collision in diaoyu island in September 2010, China has cut rare earth exports to Japan. Due to close to 90% of rare earth supply demand depends on China, Japan has been short of rare earth, and industries are in great confusion. Supply shortage has been existing until the summer of 2011, the price also rose violently several times.

Under the drive of interest, the United States, Canada, Australia and other countries have raised a hot wave of exploiting rare earth. Japanese companies also accelerate the diversity of purchasing channels. Sojitz has began to import rare earths from Australia in 2013. Toyota tsusho company also plans to produce rare earths in India in 2014.

It is reported that mistake is "rare earth", although in general it is called "rare earth", it can be divided into light rare earth and heavy rare earth, the former can be widely in the world mining, but the later has very few stock, and is worthy of the name "rare earth", both added up to a total of 17. After the collision, Japan has found purchase channels but it is mainly light rare earth. Heavy rare earth class still almost entirely depends on China.

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