Mary Hui
Mon, April 3, 2023 at 6:00 AM CDT·3 min read
In this article:
- MP-2.60%
China may already dominate the world’s supply chains of rare earth metals. Even so, it is increasingly worried about securing enough raw materials to feed its vast industrial appetite.
Numbers bear this out. China’s grip on rare earth production has slipped even as other countries have ramped up their own production. Its share of global mining output fell to 58% in 2021, from a high of 98% in 2010. At the same time, its imports of rare earth raw materials have grown, jumping nearly 40% in 2021, according The Rare Earth Observer, an industry newsletter.
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https://finance.yahoo.com/news/chinas-rare-earths-industry-raw-110000292.html
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