Here are some key points from the article that I found interesting:
- Production of rare earth smelting and separation products
2015 2020
Actual Target
10 - < 14 (Million tons)
- Reduction of major pollutants emission intensity in the whole industry
(Containing sulfur dioxide, ammonia nitrogen, waste water, etc., %) 0 0
- exclusively dealt with supply security and criticality of Yittrium and found that Yttrium production causes a variety of environmental/sustainability issues, making the supply vulnerable to more stringent environmental politics.
- More experts turned to consider the recycle and waste management of REE because they are new potentially major sources for supply
IMO - It really shows that Chinese REE's supply chain is a mess, their exploitation of the environment and workers are evident and also the fact that production is stagnant or even dipping but their imports are picking up year on year...
I like that we are looking to build our own supply chains, which will fit the bill to what everyone wants.... an ESG friendly product.
More over, countries are looking to move away from what china are doing and reduce their reliance on them... check out this article from the Japan times and the first paragraph:
"Last month, legislators introduced a bipartisan bill in the U.S. Senate that could prohibit defense contractors from procuring rare earth metals from China by late 2026 and force the Pentagon to create a strategic reserve of those elements by 2025" source: https://www.japantimes.co.jp/news/2022/02/08/world/china-rare-earth-dependence/
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