Rare earths: Australia bid to take on China dominance

Suranjana TewariAsia Business Correspondent in EneabbaBloomberg via Getty ImagesRare earths are essential in the production of alloys for magnetsDrive three hours north of Perth, and you'll arrive in Eneabba - barren and desolate, just the odd hill in the distance. This is Western Australia mining territory. Buried in this vast terrain is a massive pit, full of what looks like mounds of worthless dirt. But…