What happened to the world prices of rare earth minerals following China's imposition of export quotas of these materials?

Name: What happened to the world prices of rare earth minerals following China's imposition of export quotas of these materials?
Brand: Quizplus
Rating: 4.8 (48 reviews)

Question

Quizplus · Accepted Answer

Following China's imposition of export quotas on rare earth minerals, their prices rose dramatically as China produces more than 95% of these minerals. However, other countries began mining for rare earth minerals, leading to a decrease in prices.

What Happened to the World Prices of Rare Earth Minerals