According to the latest report in New Delhi on November 5 --- India plans to restart the power of rare earth production, which is a long-term strategic initiatives is significant, but India will only compensate for the decline in exports brought about by China's rare earth market gap part.

Increasingly important in the international arena this year, China announced the reduction of rare earth export quotas, which would push prices to a higher place of rare earth, triggering market eager to seek alternative supplies. [ID: nCN1406349]

India is stepping up the pace now restart the rare earth mining, will invest 1.4 billion rupees (3,190 million) construction of 5,000 tons capacity plant is expected to be commissioned by 2012 India's state-owned rare earth .2004 manufacturers from China because of the low prices competitive advantage and production.

National Maritime Foundation (National Maritime Foundation) person in charge of strategic affairs think tank, said Uday Bhaskar, "India is to become the key to victory will depend on how fast it can to resume production and increase productivity." He also spoke about Government of India in the future global supply of the rare earth may play a role.

"I expected a short time India will not become an important supplier of rare earth. However, this area should be developed in India, because in principle it should not be dependent on China and other countries."

India's 2004 consumption of 200 tons of rare earth products to end it in this year's production of rare earth, rare earth and last year there's the official data.