Another Area of China’s Dominance – This is Under Reported
“It’s a battle between the world’s two largest economies and it’s all about who has the bigger guns, or the one who is willing to spend the money to win the fight,” says Mugerman. “The United States tried to win with academia-driven research five years ago, but that didn’t do much to stimulate the sector. This time it looks different as the government cannot afford to stop half way. The United States is also able to turn to Canada which can help with its own natural resources and, most importantly, the clean and low-cost energy from hydropower which is vital for energy hungry REE transformation and recycling projects.”
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE. Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Kiril Mugerman. Rare earth expert, Kiril Mugerman, President at Geomega Resources, discusses why we should beware of China’s rare earth dominance.
“China’s production of critical minerals from raw materials has come at a high cost to the environment,” says Kiril Mugerman, President, Geomega Resources. “Now e-waste is being recycled using the same polluting technologies. It is important to provide a cleaner solution to both primary ores and recycling. Just because recycling is helping to avoid unnecessary mining, it doesn’t mean that we need to recycle using an old, dirty process that harms the environment.”