China's Robotics May Boost Rare Earths, Precious Metals
Source: Commodity Online, Sreekumar Raghavan (8/5/11)
"As miners re-opening closed rare earth facilities around the world, technological developments point to a revolution in the sector."
The impact of increased robotics usage in creating unemployment has often been discussed while the goal is to reduce labor costs and improve efficiency.
However, the impact of increased robotics deployment will be see in commodities, both precious metals and rare earth elements stand to gain if China robotics revolution were to become a world-wide phenomenon. Already, China's restrictions on export of rare earth elements (REE) critical for electronics, industrial, automobile and renewable energy applications has led to miners re-opening closed rare earth facilities around the world, especially in USA and Canada. Recycling of rare earths has also intensified. . .View full article