China
        

From Chinese Media

The plight of China's rare earth mining

Updated: 2011-03-24 19:04

By Zhang Jiawei (chinadaily.com.cn)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

"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.

The plight of China's rare earth mining
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