Is Myanmar’s military government planning airstrikes on rare earth mines?
As reported to clients in our latest Rare Earth Market Monthly report, at the end of February, a potential supply-side shock emerged with China closing border crossings with Myanmar in Pang War, Kachin State. This action stems from escalating tensions and conflict in northern Myanmar, where the Kachin Independence Army (KIA) controls key rare earth mining areas.
As of March 4th, Kachin News Group reported that mining companies have hoisted Chinese flags at mine sites in the town where important rare earth mining operations exist so they can be identified from a fighter jet’s cockpit in the event of junta airstrikes.