Australia May be an Upcoming REM Goldmine

China has been cashing in on their REM (Rare Earth Metals) resources for some time. This month they cut their REM rights in half, and laid restrictions on its exportation. Their purpose was to increase the price of REM, while strengthening their power to set the prices. Australia may have been waiting in the shadows for such an opportunity, as experts say they are poised to cash in on the rising worldwide demand.

China has dominated the world in terms of supply and demand of rare earth elements but Australia now has the opportunity to dominate international trade of certain rare earth metals, including yttrium, europium, terbium and dysprosium.

Read More at the Daily Liberal