China Lifts Exports of Rare-Earth Products
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China controls about 90% of the entire global supply of rare earth magnets, including their mining and refining. That means that most of the neodymium, dysprosium, and terbium that end up in EV motors,
The deal would see the Defense Department take a 15% stake in MP Materials and spend billions of dollars investing in the company and purchasing its output.
Ramaco Resources says its Brook Mine near Sheridan, Wyoming, will satisfy a large chunk of U.S. demand for rare earths, but experts say the mine's potential falls well beneath the hype and won’t likely ever turn a profit — much less produce any minerals.
Hong Kong (CNN) — Despite a 90-day truce in its trade war with the United States, China appears to be maintaining tight control over its rare earth exports – preserving a key source of ...
China’s rare earth export controls were “specifically designed to hit the US defense industry, and I cannot envision China stepping back from that,” said Thomas Kruemmer, ...