What minerals are mined in China?

Answer 1

China consumes and owns a high portion of all rare metals. Molybdenum is used in 10% of stainless steel and in Nuclear Reactors. China is said to consume over 60%.

Rhodium, titanium, palladium, steel, oil, gold, coal China wants them all.

In 2005, China's top Molybdenum miner produced 24 million pounds, about six percent of the world's total production.

Well, since the major global suppliers of Molybdenum) replenish only 88% of the molybdenum consumed in Y 2010, JPMorgan expects prices to rise as much as 120%.

The Chinese are in the largest continuing building Boom in history and are producing molybdenum-laden steel at a rate of 500M tonnes per year, USA produces about 93M tons annually, that 12% deficiency is expected to grow to a 38% deficiency within 5 years, which will likely result in the doubling of the price again.