Government officials in China have reportedly ordered three rare earth mines to halt extraction by year's end. According to Xinhua, Jiangxi, a province in southern China, has reportedly issued a notice to three of its eight major rare earth-producing counties ordering the halt, says Li Guoqing, director of the mining management bureau in Ganzhou, China.

At this time, it's unknown when mining operations will resume, as individual counties must wait for directives from the provincial government. Jiangxi province extracts nearly 40 percent of the country's rare earths. Fortunately, recent findings suggest rare earths are abundant, especially beneath the Pacific Ocean, so China's rare earth reserves now only account for approximately one-third of the world's total. Be that as it may, China supplies an estimated 90 percent of the world's rare earth metals today, so if mining operations there came to a halt – or even just slowed down – a rare earth shortage could be the result, at least for a while.

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    • 1 Second Ago
      Marco Polo
      • 4 Years Ago
      '60's Rockers, "The Sunliners" changed their name to "Rare Earth" in 1968. In 1970-2, they were the first Motown all white group to hit the big.......Oh...I see. hmmm wrong Rare Earth! The PRC policy toward rare earth production has a new customer in PRC. The military! The PLA has reserved huge tonnages of rare earth as part of the enormous military build-up being undertaken by the PRC. Apart from applications in the motor industry, rare earths are essential to the production of communications, optic fibre cables, X-ray machines, car stereos, i phones, wind turbines, low-energy light bulbs and hybrid car batteries. electric motors, solar panels, super-computers,lasers, hydrogen storage, and high-tech missile guidance systems for the military. The list goes on, and on, but,( and it's a big but), the mining of most rare earths is a highly pollutant industry. Which is why, rare earth mines, flourish in places like western China and Vietnam. Oy of sight, out of mind.
      • 4 Years Ago
      Chinese Government obversely want to bump up the price of rare earth materials by reducing the supply and demand side which means Chevy Volts & Toyota Prius will cost even more than the extortionate price you have to pay for them now, who said the prices will fall on hybrids it looks more like steep price rises are more on the card to me. China have been buying up everybody's rare earth mines around the world. what they found in the pacific was dirt not ore, that silt has to be bought up 5000 metres it will never ever ever be cost effective.There's a linguistic distinction used in the mining industry, the one between dirt and ore. Your veg patch and the North Sea bed both contain gold and uranium, but they're still just dirt really. Extraction would cost more than the value of what is extracted. If we can extract the metals at less than the price we'll be paid for them, then, and only then, the dirt transforms into ore.
        2 Wheeled Menace
        • 4 Years Ago
        Nah, they can just switch over to AC induction motors, if they haven't switched already. Tesla is already doing this. Lithium batteries don't use much in the way of rare earths either. Reports of the death of the EV are greatly exaggerated ;)
      • 4 Years Ago
      It's maybe just plain lies from new speculators from wall street terrorists, they always do that automatically with any natural ressources.
        • 4 Years Ago
        So your position is "wall street speculators" are telling a provincial government in China to stop mining?
          • 4 Years Ago
          Why not if this provincial goverment receive something else somewhere later in time.
      • 4 Years Ago
      Hopefully other countries will get into the Rare Earth mining game. It is dangerous to be so reliant on one source. A change in political climate or natural disaster can wreak havoc if you have a single source of a needed material.
      • 4 Years Ago
      I wonder why they do this...could it be that their decision to reduce rare earth exports to the west is causing oversupply on the domestic market? In that case the export reduction wouldn't be about supply shortages as claimed but basically boil down to a boycott.
      • 4 Years Ago
      It won't be a problem.
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