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Published on Oct 10, 2011
Thorium policy in all western nations undermines the successful development of a domestic rare earth market. All of the rare earths that most western mining companies are willing to process are what they call bastnasites or carbonatites. They select these rare earths not because of the high ratios of rare earths but simply the absence of thorium.
Manufacturers using rare earth elements in their products are relocating their manufacturing base inside China. The jobs in manufacturing transfer from the United States and western Europe into the Chinese mainland.
This impacts consumer electronics, green technologies & military technology.