There has been an ever growing demand for these “rare earth” minerals. Outside of China Peru is another country where these elements can be found. It will b interesting to see if China beging to tap the Peruvian market for these elements as it has for more basic materials like copper, iron, and gold in Peru.
You can forget gold. These are “rare earths” - critical commodities required for the manufacture of flat-screens, electric-car batteries, aerospace alloys and many other sophisticated products. Over the summer they’ve rocketed in price as China, which accounts for almost all of the world’s production, squeezes supply.