The plight of China's rare earth mining
Updated: 2011-03-24 19:04
By Zhang Jiawei (chinadaily.com.cn)
"I am so dead," Huang Renzhu said in great disappointment after making dozens of calls but still not managing to buy a single gram of rare earth for his company in this city, where a shovel into the ground may bring plenty of riches.
It was in late February when Huang, who heads a company that produces permanent magnet material in Ganzhou city, East China's Jiangxi province, felt an obvious crunch in rare earth supplies, Beijing News said.
A man stands at an illegal rare earth mining site at a mountaintop in Beitou township in Ganzhou, East China's Jiangxi province, Feb 18, 2011. [Photo/Beijing News]
He believed people were hoarding the material for b