ARA:CC - Reducing Reliance on China for Rare Earths Production and Processing

2024-05-09 16:00:00 ET

Experts have long warned that global overreliance on China for the production and processing of rare earth elements (REEs) was akin to a house of cards — and the Chinese government keeps proving them right.

In December 2023, China announced a ban on the export of multiple technologies related to REE extraction processing , including those used in the production of rare earth magnets. Rather than a new development, this announcement was simply the latest in a series of restrictions implemented over the previous year. Other banned exports include extraction technology, separation technology and rare earth alloys.

In response, governments around the world are ramping up their efforts to strengthen alternative sources for REE production and processing. There is considerable investment potential to be found in these efforts, provided one knows where to look.

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