View full page at metalsmine.com

 

How a war-torn Myanmar plays a critical role in China’s rare earth dominance

From cnbc.com

Beijing has been stepping up controls on rare earth exports, triggering global shortages and exposing industries’ dependence on Chinese supply chains. However, over recent years, China itself has become reliant on rare earth supplies from an unexpected source: the relatively small and war-torn economy of Myanmar. While China is the world’s top producer of rare earths, it still imports raw materials containing the coveted metals from abroad. Myanmar accounted for about 57% of China’s total rare earth imports last year, Gracelin Baskaran, director of the Critical Minerals Security Program at the Center for Strategic ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis