Abstract
The article analyzes the issues of fragmentation and consolidation of value chains using the example of the global rare earth industry. On the one hand, there is a tendency in the world towards specialization of companies at technological stages, which is dictated by the laws of market economy. On the other hand, such fragmentation in the rare earth industry made it possible to monopolize the market and concentrate most of the production stages within one country. Governments of the Western countries are extremely concerned about this problem, but so far only options are being proposed for its solution, which are based on the cooperation of individual participants in the technological chain. The paper discusses consolidation of efforts on the global scale aimed at reducing China's influence on the rare earth metals market, often in spite of the market efficiency. Russia has a significant raw material potential and processing technologies created during the Soviet period, but is not yet able to transform the raw material potential into a high-tech one due to insufficient domestic demand for highly purified rare earth metals
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