The supply of rare earths outside China was 19,800 tons in 2017, an increase of 16% over 2016. the supply of rare earths outside China was 42,200 tons in 2018, a 210% increase continuous discovery of rare earth resources in the globe, China’s share of rare earth reserves has gradually declined. Since 2017, the continuous improvement of operating rate of Lynas in Australia and the re-exploitation of the Mountain Pass mine in the United States resulted in the formation of a diversified supply pattern of rare earth products.
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