It takes about 20,000 RMB, about $300 to set up one of these rare earth mines. Phil got the sense that during the week he was a driver for someone in the industry or maybe even the ministry. He knew where all the rare earth mines were. A ton of rare earth can yield up to 380,000 RBE.
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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