Folks, despite the farce last week where China & the US agreed to a "framework" to further discuss rare earth supply issues, things are now seriously deteriorating ...
India moves to conserve its rare earths, seeks halt to Japan exports. June 13, 2025
India has asked state-run miner IREL to suspend a 13-year-old agreement on rare earth exports to Japan and to safeguard supplies for domestic needs, two sources familiar with the matter told Reuters, aiming to reduce India’s dependence on China.
IREL also wants to develop India’s capacity for rare earth processing, which is dominated globally by China and has become a weapon in escalating trade wars. China has curbed its rare earth materials exports since April, pressuring automakers and high-tech manufacturers worldwide.
LYC Price at posting:
$9.21 Sentiment: Buy Disclosure: Held
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