China Controls the Rare Earth Market

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CNN's John Defterios goes to a rare earth mine in Ganso, China. The country is one of the few countries producing rare earths because of pollution problems. Even though prices for rare earth have come down, Frank Tang says China is still in control. We found that China is going to increase their price control capability.

We continue our journey to the center of the cloud, by way of the earth: Rare Earth. China controls 95% of the market for the 17 Rare Earth elements that power our invisible technologies so your host decides to pay a visit to the Ganzhou region, to see the illegal mines in the with his own eyes.

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