rare earth mineral mining in china

An outlook on the rare earth elements mining industry ... Current status of rare earth element mining. Despite the spur in exploration activities, global production of REEs remains relatively small and still heralds predominantly from China (Figure 2). World production for 2015 was estimated at 124 000 tons of rare earth oxides (USGS, 2016). Rare Earth Stocks - Wealth Daily Rare earth metals are essential for many of the technological advancements we rely on today. Gadgets from cell phones to laptops require them, as . A Visit to the Only American Mine for Rare Earth Metals ... The resulting lower market prices forced Molycorp to close their mine in 2002. Although Molycorp has continued to extract metals from stockpiles of ore mined at Mountain Pass, China now produces between 96% and 99% of the world's total rare earth supply.    Read More