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China warns its rare earth reserves are declining
BBC – China has warned that the decline in its rare earth reserves in major mining areas is “accelerating”, as most of the original resources are depleted. In a policy paper, China’s cabinet blamed excessive exploitation and illegal mining for the decline. China accounts for more than 90% of the world’s rare earth supplies, but has just 23% of global reserves. Read Article
Also see – The War Has Already Been Won – Why China was victorious, and why the USA chased the wrong prize. Read Editorial
Tags: Asia, debt wealth, energy resources
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