BEIJING, Nov 7 (Reuters) -China, the world's largest rare earths producer, exported 4,753 metric tons of the minerals in October, up 10.78% from the prior year, data from the General Administration of Customs showed on Thursday.
Exports of the group of 17 minerals in the first 10 months of 2024 climbed 6.8%from the same period the year before to 47,689 tons, the customs data showed.
Rare Earth Prices Soar as Myanmar's Mining Operations Halt
By Metal Miner - Nov 06, 2024, 12:00 PM CST
The Kachin Independence Army's takeover of Myanmar's rare earth mines has disrupted the global supply chain, leading to a surge in prices.
China, a major importer of rare earth elements from Myanmar, has imposed a trade embargo in response to the mine seizure.
The ongoing conflict in Myanmar and potential export restrictions from China could further exacerbate the shortage of rare earth minerals.
Rare Earths
Via Metal Miner
"People are running around the world looking for rare earth elements." This one sentence in the South China Morning Post, quoting James Chin, Professor of Asian Studies at the University of Tasmania, sums up the current rare earths situation well.
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