Imagine if we hit the mother load of Magnetic REE metals when or if this happens;

As demand for rare earths rises, world’s biggest producer might stop exporting them, says analyst

Naimul Karim | June 7, 2022 | 12:56 pm News China USA Rare Earth

The Baiyun Ebo mine in China’s Inner Mongolia region is the site of almost half the world’s rare earth production. (Image courtesy of NASA.)

China, the world’s biggest producer of magnet rare earth oxides could stop exporting the group of minerals within the next decade due to increasing domestic demand and a shortage in global supply, said Ryan Castilloux, founder of the independent research group, Adamas Intelligence.

The global demand for rare earths, which are employed in a range of applications including permanent magnets used in electric vehicles (EV) and renewable energy devices, has increased in recent years as the world looks to meet its decarbonization goals.