Australia is expected to become the largest

Australia is expected to become the largest supplier of rare earth and which may be exported to China

With China's rare earth export quota restrictions, some experts said that Australia's rare earth production may be a great development opportunity, several years after the earth may become a major global supplier. Other analysts said the future of Australia may also export to China Rare Earth.

According to Agence France-Presse recently reported, industry sources and analysts say there is a large number of Australian high-value properties of metals with mineral deposits, which could make Australia a few years will become the world's leading producer of rare earth ore. (www.hzbst.com)

Reported that China is now the major supplier of rare earth, accounting for more than 90% of the world, but with China began to limit their exports, the world began to shift their attention to Australia, although Australia's rare earth industry in its infancy.

Reported that, due to concerns about further restricted by China, the United States is the rapid restoration of rare earth production, while the Japanese companies began to seek rare earth supply "diversity." It is reported that Japan has begun to look to the Australian mining company, "Lynas". (www.hzpfkj.com)

In addition, the report also said that as Australia, the company is great potential for rare earth production, it will be the future of China's exports. "With the limited resources, growing demand, and China hopes to enhance their trade performance, we believe that China may be in the next 5 to 10 years to become a net importer of rare earth." One analyst said.