Krish Panchal
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| Some key points of the reason :
Technical Expertise Gap :
China has invested highly in research and developing resources. Which make it essential for separating individual rare from earths from each other, Other countries lack these technology resources. Which makes a gap between China and other countries.
Environmental Concerns :
Western countries have strict regulation. Which can increase significantly in cost of rare earth processing due to necessary waste management and pollution control measures.
Cost of infrastructure :
Setting up a complete rare earth facility takes a lot of investment in the mining infrastructure. Refining plants and specialized equipment.
There are some other reasons too. But, i wrote as much i got knowledge from reading articles. |
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