Europe Wakes Up To REE Concern

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Thu, Jan 28, 2010

Europe has finally acknowledged that there is a serious problem in the rare earths sphere. But what can it do to tackle it? Analysts are divided in their opinion.

The report states that with the world’s population growing, industrialization rising and the competition for raw materials intensifying, concerns have been raised on the access to key natural resources for the European industry. EU industries, and particularly those active in telecom, aerospace and other hi-tech sectors, are facing fierce competition for natural resources from emerging economies.

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