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Montreal Gazette: Rare earth metals clampdown benefits Canadian miners

The Montreal Gazette reports on an Ernst & Young report released this week that points to opportunities for rare earth companies in Canada and elsewhere, as a result of REE export restrictions imposed by China:

China’s clampdown on exports of rare earth metals used widely in smartphones and other electronic products, is opening up huge opportunities for the Canadian and international mining industry, consultants Ernst & Young said Wednesday.

Global rare earth metals demand is expected to surge by more than 60 per cent in the next five years, said Zahid Fazal, the leader of the consultant’s mining practice in Quebec.