Recently, holmium, terbium and dysprosium have been of great value to military and civilian industries. These rare earth metals are used in the manufacture of a number of strategic products in many countries around the world.
At the same time, about 60% of the production of these elements falls on China, whose representatives are trying to gain control over the deposits of raw materials in other regions.
There are also significant deposits of rare earth metals in Russia. Given the close geopolitical and economic positions of Moscow and Beijing, it can be expected that these countries will seriously impede the supply of these products to the United States and other Western countries.
Brazil also occupies a considerable share of the market for this raw material whose reserves of rare earths, added to those of Russia, exceed those of Australia and the United States. Washington is trying to influence the situation and reduce its dependence on the Russian Federation, China and other countries in this regard. Thus, US officials are negotiating with representatives of a number of African states, where they also extract valuable raw materials.
In the meantime, according to sources, the Russian Federation may suspend palladium deliveries to a number of regions. Russia is the fourth largest supplier of this metal in the world market, and such a move is likely to lead to a sharp increase in prices for palladium and other similar resources.
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