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November 5, 2024
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3 minute read
Future of rare earths production in Myanmar remains a major wildcard
Below is an extract from our new Rare Earth Magnet Market Outlook to 2040 report that is especially poignant today in light of the latest escalation in Myanmar, and resultant mine shutdowns and border closures.
Myanmar has become a critical feedstock supplier to China
The future of Myanmar’s mine production and concentrate exports to China remains a major wildcard over the forecast period. Since 2015, with the gradual elimination of illegal rare earths production in China, Myanmar has grown to become a critical feedstock supplier to the nation and, consequently, to the world’s magnet supply chains.
