What are rare earth elements, and why are they important?

Published April 4, 2021 4:00pm ET



As technology advances, rare earth elements have become more important, but what are they, and why do they matter?

Rare earth elements, a group of 17 metals, are not actually that rare. They are found in relative abundance and are often found together in various different mineral types. The difficult part about extracting and using them is the separation and refinement process, which is largely controlled by China.

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