China, which accounts for 95% of the world’s rare earth metals supply, imposed export quotas back in 2010, drastically limiting the world’s supply. Japan makes up one third of global rare earths demand, but the country has moved toward reducing its consumption through subsidies for recycling and investing in new technologies. [China Buoys Rare Earth Exports — Can ETF Reverse Course?]
Market Vectors Rare Earth/ Strategic Metals
For more information on the rare earths industry, visit our rare earth metals category.
Max Chen contributed to this article.