Mineral wealth

“The risk is that China uses its position in the supply chain to put pressure on other economies, and that the UK doesn’t have any reliable alternatives.”


Chris Williams, managing director of UK Seabed Resources, on why his firm has plans to deep-sea mine for rare earths in the Pacific. He told The Times there was concern about “vulnerability” in the supply chain with 95% of rare earths processed in China. WiC first wrote about China’s control over rare earths – used in products that span missiles and smartphones – in issue 13 in 2009.

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