Global scramble for critical minerals fuelling protectionism
Protectionism is rising across 72 nations as governments vie for critical minerals, Verisk Maplecroft research shows.
Demand for rare earth metals is likely to continue growing at double digit annual rates for the foreseeable future but, the supply side does not look quite as rosy.
According to Molycorp CEO, Mark Smith, while a lot of production has been forecast from a number of small producers, very little of it is likely to come on stream in five years.
