< >The report by Prof.Thomas Gredel points to the scarcity of rare
earth materials.He claims that out of the 62 minerals 12 had no
alternatives when the mines will go empty.He further states that the
rest have alternatives but cannot work at their best with existing
technologies.< >China is the mining giant of rare earth materials.It
controls 80percent of the world's production.However it has come under
criticism in 2010 for its restriction for exportation of this precious
resource.The consequences are skyrocketing of prices upto five times
the normal whereas local companies in China were offered low costs.<
>Prof.Gredel said,''As weath and production increases worldwide
scientists will be challenged to maintain production quality by
designing new and better materials but doing so under potential
constraints in resource availability''.< >This attests to the fact the
precious minerals could face distinction in the future as a result of
high demand for gadgets amongst the population which increases the
production rate.< >
earth materials.He claims that out of the 62 minerals 12 had no
alternatives when the mines will go empty.He further states that the
rest have alternatives but cannot work at their best with existing
technologies.< >China is the mining giant of rare earth materials.It
controls 80percent of the world's production.However it has come under
criticism in 2010 for its restriction for exportation of this precious
resource.The consequences are skyrocketing of prices upto five times
the normal whereas local companies in China were offered low costs.<
>Prof.Gredel said,''As weath and production increases worldwide
scientists will be challenged to maintain production quality by
designing new and better materials but doing so under potential
constraints in resource availability''.< >This attests to the fact the
precious minerals could face distinction in the future as a result of
high demand for gadgets amongst the population which increases the
production rate.< >