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REE can be mined almost everywhere. Almost every country larger than Luxembourg has multiple rich REE deposits. Traditionally, the location providing their supp
by Tuna-Fish 13y ago
REE can be mined almost everywhere. Almost every country larger than Luxembourg has multiple rich REE deposits. Traditionally, the location providing their supply has depended on where mining and separation has been the cheapest, meaning usually the place with the laxest labor and environmental laws. (It's also been somewhat influenced by political stability, since separation requires capital-intensive equipment. This is the only reason all your REE doesn't come from Africa.)
It's hard to build a monopoly on a resource when basically anyone can just start a new mine if you ask too much for it.
China does not have a separate export tax -- they have strict export quotas. This makes sense, as given how high the externalities of cheap REE mining are, it makes little sense for them to mine cheaply and then give it to foreigners.