https://www.americangeosciences.org/critical-issues/faq/what-are-rare-earth-elements-and-why-are-they-important
From the American Geosciences website, in 2011, China accounted for 97% of production of REE's, up from 38% in 1993. In 1993, Australia accounted for 12%. Given the current political climate worldwide, any country that is a close ally of the USA could benefit from an increased production of REE's. REE's are important in today's hi-tech industries including communications, computing, and batteries (think electric vehicles and renewable energy strorage). Interesting times indeed for Traka in 2023 if positive drilling results keep coming in.
https://www.americangeosciences.org/critical-issues/faq/what-are-...
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