Rare earths elements are in increasingly short supply as world demand surges.
Jharkhand State of India can play major role in Rare Earth Elements production. by Dr. Nitish Priyadarshi China has been steadily reducing export quotas since 2005 for rare earth elements, which consist of 17 metals used in crucial new green technologies like hybrid cars, wind turbines and superconductors, as well as in missile guidance systems and mobile phones. According to Chinese experts, “Mass extraction of rare earth will cause great damage to the environment and that's why China has tightened controls over rare earth production, exploration and trade,". Overseas buyers have expressed concern about China 's policies to restrict rare earth exports, which have driven up global prices. Rare earths are in increasingly short supply as world demand surges, with industry officials predicting a global shortfall of 30,000 to 50,000 tonnes by 2012. The automobile industry uses tens of thousands of tons of rare earth elements each year, and advanced military technology depen...