Wed, 20 Jun 2012 14:29:07 GMT
China's rare earth reserves are falling
China announced that its rare earth resources in top-mining areas are falling with accelerating pace while the most of the original reserves are almost depleted. China's officials attributed the fall to illegal mining and excessive exploitation. Meanwhile, China attempts to protect rare earths exports by imposing quotas but increasing demand for electrical goods production creates a threat for China's resources.