The global rare earth element exploration boom: An analysis of resources outside of China and discussion of development perspectives

The results highlight effective, stock market-financed exploration by junior companies and demonstrate REE resource availability outside of China. However, at current low prices, challenges to transform these resources from exploration to mining projects remain. These are tied to the up-scaling of beneficiation technologies for unconventional REE ore minerals and to raising investment for project implementation. In this context, we contend that the successful delineation of these REE resources provide abundant options for expansion and investment in the REE industry which are most likely harnessed by the dominant REE market player, China. Concerns about China's dominant role are therefore likely to persist.