Minable deposits of rees are found in only a few locations. Statistical data indicate that global rare earth mineral production, including mining, smelting, and application, skyrocketed from 124,000 metric tons in 2015. Rare earth elements, or rees, are a subject of rising importance given their essential role as inputs for critical energy and defense technologies
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China dominates ree supply chains, accounting for approximately 92% of global ree processing and possessing nearly half of the world’s ree reserves.