Friday, June 15, 2012
REE World Report: Russia & Germany to Challenge Chinese Monopoly in Global Market of Rare Earth Metals
REE World Report, V21 - Editor, Eugene Gerden - Russia and Germany are planning to challenge the monopoly of China in the global market of rare earth metals, through the joining of efforts in the field of exploration, production and processing of rare earth metals.
Under the terms of the agreement, which is expected to be signed between the partners later this year, Russia will get an access to the latest technologies in the field of production of rare earth metals, while Germany a regular supply of rare earth metals, needed in high-tech industries. Russian analysts believe that cooperation between Russia and China will help to undermine monopoly positions of China, which is currently controlling 90% of the global market of rare earth metals.
According to Vladislav Belov, an expert of the Institute of Europe of the Russian Academy of Sciences and the well-known Russian analyst in the field of rare earth metals, Russia is interested in obtaining new technologies for the production of rare earth metals, which were designed by some German companies.
There is also a possibility that cooperation between the two countries may take place through the joint implementation of some projects in Russia, with the development of local rare metals deposits.
In the case of Germany, according to Von Weihe, Germany’s Vice Consul in Russia, so far the development of the German industry of rare earth metals took place in three areas: the development of its own fields, (although very small and low-grade), recycling of rare earth metals, as well as the development of technologies of material synthesis, which can be considered as a replacement for rare earth metals.
The above was part of the REE World Report, V21 that was distributed last night. To access this report, as well as our library of analyst reports, white papers and corporate PPTs on the rare earth industry, subscribe at REE World or click here to join directly.
Posted by Tracy Weslosky at 10:14:12 AM inIntel
Ich denke im dritten Absatz sollte es heißen: ..the cooperation between Russia and Germany..
Quelle: Chombaso von SH, Vielen Dank ! |