May 13, 2014
Rare Earth Elements (REE) are increasingly a critical strategic resource in Asia. These 17 elements are used in the production of most high-tech products from advanced military technology to mobile phones. China currently holds claim to over 90 percent of the world’s production. Chinese export reductions in 2012 forced high-tech firms to relocate to China and forced other governments, particularly in the developed world, to pour money into their exploration and production.