China’s export restrictions on rare earths causes alarm for automotive industry | Metals Mine

  • China’s export restrictions on rare earths causes alarm for automotive industry

    From think.ing.com

    With nearly 70% of global rare earth production and more than 90% of processing taking place in China, the world remains heavily reliant on the country for rare earth element (REE) supplies. Following the sweeping US import tariffs introduced on 2 April, China introduced export licences for seven rare earth elements and permanent magnets, leading to a decline in shipments. The US does not have any refined production of these elements. China’s dominance appears to be instrumental in trade negotiations with the US, but it also poses a risk for importing companies globally, as there are no immediate workarounds. The ... (full story)

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