China is a country with abundant mineral resources. In terms of rare metals, some species are still in the forefront of the world and can even control the world market. For example, China's rare earth resource reserves rank first in the world, accounting for 80% of the world's total! Rare earth resources are very important nowadays, but China has not realized this for a long time, and has been selling important rare earth resources to the United States and other Western countries with “cabbage prices”.
You may ask what is the role of absorbing soil? Rare earth resources have a very wide range of applications in today's information age. Whether it is manufacturing mobile phones, cars, or even many high-tech weapons in the military, it is inseparable. As the most developed science and technology in the world, the demand for rare earth resources is naturally the largest. According to statistics, from 2005 to 2008, more than 90% of the rare earth resources in the United States were imported from China, and now the United States is gradually decreasing from China. Imported rare earths, but China's rare earth resources still account for the bulk of US imports.www.wxytgas.com