China Hoarding Essential Metals Western Countries Face Shortages of Mineral Resources
Future-oriented industries, such as those manufacturing solar panels, are being held back by shortages because of China's control of essential metals.
While smelting companies in the West are reluctant to make substantial investments needed to obtain important minerals, which use processes that are labor and energy intensive, China, with a cheap labor force and lax environmental laws, can extract the materials at a cost that Western nations cannot meet.
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