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Britain on the offensive in race with China for crucial rare-earth minerals
The UK is in a global race to secure the rare-earth elements that are crucial for fighter jets, wind turbines and electric cars amid fears that China could weaponise its monopoly of them. Security agencies are concerned that there will be increased competition for scarce natural resources and that B
www.thetimes.co.uk
The UK is in a global race to secure the rare-earth elements that are crucial for fighter jets, wind turbines and electric cars amid fears that China could weaponise its monopoly of them.
Security agencies are concerned that there will be increased competition for scarce natural resources and that Beijing’s control of supplies could be used as leverage in any disputes.
China dominates the world’s production of rare-earth elements, described as “industrial gold” because they are vital to the defence and technology industries and yet are difficult to extract and process. The majority of rare-earth elements used by UK industries have been processed in China, according to experts, who warned that this reliance could make national security supply chains and the economy vulnerable.
The integrated [paytwall]
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While we have reserves of the rare earth elements, China has a pretty strong lock on their supply. They are essential for many military & automotive applications.