In industry, rare earth elements are like vitamins. They play an irreplaceable role in materials fields such as fluorescence, magnetism, lasers, fiber optic communication, hydrogen storage, and superconductivity.

In the military field, rare earth elements are "core". Currently, almost all high-tech weapons contain rare earth elements, and rare earth materials are often located in the core parts of high-tech weapons.

Rare earth elements are "everywhere" in our lives. Our mobile phone screens, LEDs, computers, digital cameras... which of them doesn't use rare earth materials?

Without rare earth elements, the world would no longer have television screens, computer hard drives, fiber optic cables, digital cameras, and most medical imaging devices.

When Zhao Ye saw that rare earth elements were being sold as dirt, he couldn't stand it anymore.

The Middle East has oil, China has rare earth elements!

China possesses the world's richest rare earth resources, accounting for 36% of the world's known reserves. China accounts for approximately 80% of the global rare earth trade, a position comparable to that of oil in the Middle East, and is of extremely important strategic significance. The bargaining power should rightfully be in China's hands.

However, Japan, South Korea, and the US and Europe have been working together to drive down prices, leaving China with absolutely no bargaining power over rare earth prices. Furthermore, the rapid increase in exports is underpinned by fierce competition among countless rare earth companies, with price wars becoming the norm and causing a sharp drop in international rare earth prices.

Zhao Ye was too lazy to fight with these parasites. Since rare earth prices had plummeted, he decided to wipe out all these rare earth companies in one fell swoop.

I'll give you money, and you can stop doing rare earth business from now on.

Selling rare earths is hard work and suffering, not to mention you don't make much money. Since that's the case, you might as well sell the company to me and then you can live a carefree life.

At this moment, Zhao Ye said in a very serious tone at the meeting: "Currently, one of the key focuses of Galaxy Mining Group is to purchase rare earths. I demand that we acquire domestic rare earth companies as soon as possible and purchase more rare earth mines. As long as we control rare earths, Galaxy Mining Group will have a lot of say in the future. If Europe and the United States want to buy rare earths, they will have to give us some face."

"Those idiots are selling priceless rare earths like dirt, what a waste of precious rare earth resources! This acquisition must be swift, executed with a blitzkrieg strategy, catching them off guard!"

"Yes!!!" The crowd responded solemnly in unison.

Everyone was outraged at the thought of rare earths being sold off cheaply.

After the meeting ended.

Zhao Ye dispatched personnel to conduct a very detailed investigation of domestic rare earth companies and developed individual acquisition plans for each company, aiming to strike decisively, break through their defenses, and force them to sell their rare earth companies to Galaxy Mining Group.

These rare earth companies include both state-owned enterprises and private enterprises, and there are many of them.

In the previous life, the country had the time to deal with the rare earth issue, and eventually integrated those rare earth companies into six major rare earth groups.

If Galaxy Mining Group acts now, it can get a share of the pie, even just one-sixth, which would be enough. Otherwise, if the government intervenes, Galaxy Mining Group will lose control of the rare earth resources, which will inevitably belong to the state.

P.S.: My eyes are bothering me today, so I don't have the energy to write. I'll save the big update for tomorrow.

(End of this chapter)