China has warned that the decline in its rare earth reserves in major mining areas is “accelerating”, as most of the original resources are depleted. In a policy paper, China’s cabinet blamed excessive exploitation and illegal mining for the decline. China accounts for more than 90% of the world’s rare earth supplies, but has just 23% of global reserves. (via BBC News - China warns its rare earth reserves are declining, Xinhua)
Posted June 20, 2012 at 11:34am in china rare earths mining wto usa trading supplies reserves environment
