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30.04.26 - 01:45
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China Loses Monopoly Over The Rarest Of Rare Earths (ZeroHedge)
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China Loses Monopoly Over The Rarest Of Rare Earths
With less than three weeks to go the Trump-Xi summit in China, the scramble for leverage and superiority - whether in terms of the Iran war or the just as important supply chain of rare earths - is on. That explains why the Pentagon's push to get its hands on the rarest of the rare-earth elements leads all the way to this small port city in Malaysia.
As the WSJ reports, Australia's Lynas Rare Earths has begun pumping out heavy rare earths, the elusive kind that China dominates.
“No one had made a separated heavy rare earth outside of China in 20 years,” said Amanda Lacaze, Lynas's chief executive. The company's chief operating officer, Pol Le Roux, said it had actually been 30 years.
When China cut off exports of heavy rare-earth elements during trade tensions last year, automobile factories in the US and Europe were forced to stop production. Now, Lynas is at the vanguard of an effort by the US and allies to prevent Beijing from us...
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