Rare-earth sounds like something from a science fiction novel in search of another planet for humans to populate. Rare-earth is actually minerals and ore that are dug from the ground and refined for use in making all sorts of things in the electronics and technology world. China supplies about 95% of the rare-earth materials in the world and the nation is tightening its grip on supply of the material and using the tightening supply to drive the price of the material up.
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