Author: Sean Wolfgang
Rare Earth Elements have continued to gain prominence since the September 2010 halting of shipments from China to Japan over an incident near the mutually claimed Senkaku/Diaouyu Islands. But the incident that brought REE to prominence was followed by the stoppage of REE to the US and Europe amid confusion (both international and in China) over new Chinese export quotas. We are now beginning to see how the US and other countries are responding. A changing market and the economic and defense consequences of higher prices and less Chinese imports have produced a range of short and long-term responses.