Downstream Effects of China's Rare Earth Mining
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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.
China accounts for 61% of global mined rare earth production, but its control over the processing stage is much higher at 92% of the global output, according to the International Energy Agency.
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, ...