Stefan Lis reports that rare-earth experts have called for more exploration of the sector to bridge the demand-supply deficit of these elements due to increasing needs the world over. India has enormous potential in the sector as it has a long coastline rich in deposits but it has to ramp up its indigenous production, Prof Sidney Ribeiro, Institute of Chemistry, Sao Paulo State University, UNESP, Brazil said. In this regard, he said private sector can play a crucial role in managing the demand-supply deficit. Prof Stefan Lis, Head, Rare Earth Department, and Adam Mickiewicz University in Poznan, Poland, said since 2010 there was a big gap in production of rare-earth elements and demand due to increasing needs, especially for magnets and phosphorous. Ribeiro said China retains 90 per cent of Rare Earth business globally.
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