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?
Semiconductors (transistors, diodes, and the integrated circuits built from them) all use various amounts of rare earth elements. Large quantities of some rees are used in clean energy and defense technologies. In 2010 china significantly restricted their rare earth exports.
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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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