Rare Earth Uses In Electronics. These specific properties make them well suited for use in a variety of products, including cellphones, batteries, loudspeakers, lights, magnets, and even wind turbines. What is the rarest material on earth?
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In 2012 and 2013 they were supplying about 2% to 3% of world production. The chinese dominance may have peaked in 2010 when they controlled about 95% of the world's rare earth production, and prices for many rare earth oxides had risen over 500% in just a few years. What is the rarest material on earth? As prices go higher, those who control the supply are tempted to sell.
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