As the world’s largest producer of tech metals, China provides more than 90% of global supplies.
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Term Shortage of Tech Metal Minerals
As the in Long world’s largest producer of
tech metals, China provides more
than 90% of global supplies. The
consolidation in the Chinese tech
metals industry, coupled with a
state-sanctioned crackdown on
illegal mines in the country, is
expected to result in a further
increase in tech metal shortage in
the near future.
authorities with Ministry of
Technology (MIIT) and Ministry
of Land and Resources involved,
have jointly launched a special
campaign at the end of last year
to crack down illegal mining,
Technology metals in Long are only a tiny market, but they are critical to ensure the
sustainable development of high-tech industries and international defense
engineering. Tech metals have broad applications across a number of industries,
and tech metal producers are considered important components of the global
The technology metals prices globally are expected to rise again amid expectations
that impending stricter environmental rules will again limit the supply. Therefore,
investing in technology metals will be a good play for wise investors as demand
for tech metals remain high and supply remains restricted due to China’s plans to
improve technology metal pricing.
“ again amid expectations The tech metal prices should gradually upsurge in the long term, as a result of
limited supply for technology metals as well as China’s government
consolidation and integration on tech metal resources”, forecasts Galaxy
Magnets, the biggest manufacturer of bonded NdFeB magnets in the world.
China will seriously crack down on illegal sewage; illegal companies will be
blacklisted and also be published. Market sources believe that the move means
that the crackdown on illegal mining and supply in China will be further
strengthened which is favorable for the market regulation and higher tech metal