China investește 63 de milioane de euro pentru extinderea celui mai mare zăcământ de pământuri rare din lume

China plans to increase the production capacity of the Bayan Obo rare earth mine by 50% through a significant investment. This project aims to boost iron ore output while rare earths will be a secondary product. The annual production is expected to rise from 10 million to 15 million tons. Bayan Obo has been a key source of global rare earth production since the 1990s, contributing to China's near monopoly in the market. However, the mining activities pose environmental risks due to toxic waste.