Q86.
Recently, there has been a concern over the short supply of a group of elements called 'rare earth metals'. Why? 1. China, which is the largest producer of these elements, has imposed some restrictions on their export. 2. Other than China, Australia, Canada and Chile, these elements are not found in any country. 3. Rare earth metals are essential for the manufacture of various kinds of electronic items and there is a growing demand for these elements. Which of the statements given above is/are correct?
Answer
C
Explanation
Statement 1 is correct: China produces over 90% of the world's rare earth metals and has imposed export restrictions, causing global supply concerns. Statement 2 is incorrect: Rare earth elements are found in many countries besides the listed ones — India, Brazil, Russia, and USA also have significant reserves. Statement 3 is correct: Rare earth metals are essential for electronics, wind turbines, electric vehicle motors, smartphone screens (neodymium, dysprosium, etc.) and demand is growing rapidly.