Dependence on Chinese rare earths raises product costs

Posted on November 15, 2011 by Minerals Make Life

China’s near monopoly on the global rare earths market is increasing the costs of products that depend on the minerals. Without a reliable minerals supply chain, companies like Mitsubishi Electric are finding themselves unable to “absorb fully the excessive increases in its material costs,” and are being forced to pass the added costs on to consumers.

Read the full story here.

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