Currently, there are only a few mines that supply the entire world's demand for REEs and most of them are located in China. The largest REE mine in the world, Bayan Obo, alone provides 40-50% of all REEs. In 2010, Bayan Obo and other REE mines in China provided approximately 97% of the global supply. Locating more deposits to open new mines is more practical. However, an important part of our plan is to develop technologies that increase mining yield on existing deposits.