Article Image
IPFS News Link • Business/ Commerce

China's Rare Earth Monopoly Is Diminishing

• by Tyler Durdan

However, as Statista's Katharina Buchholz points out, in recent years, several nations have picked up production again while new players entered the market, diversifying it at least to some degree.

Infographic: China's Rare Earth Monopoly is Diminishing | Statista

You will find more infographics at Statista

Yet, China was still responsible for more than two thirds of global productionaccording to the U.S. Geological Survey. But as many countries are wary of depending on China, especially when it comes to technology products, countries with rare earth deposits are likely to exploit them further.