What U.S. Companies Need to Know About China's Rare Earth Restriction

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 21 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 68%

Rare Earth News

China,Supply Chain,Restrictions

China's new restrictions on rare earth exports pose challenges for US businesses, prompting the need for diversified supply chains, domestic production, and innovative solutions.

Via Metal Miner The Rare Earths MMI Monthly Metals Index took a steep dive in price action after a month of relative stability, dropping 14.4%. Terbium both metal and oxide yanked the index down tremendously, falling more than 16%.

Therefore, businesses should work with American mining companies to finance the construction of regional rare earth processing and mining facilities. This action can help strengthen the supply chain against interruptions from abroad while also aligning with national interests. Other Solutions One sustainable option is recycling rare earths from items that are nearing the end of their lifespan.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines