Reuters: China Becomes World’s Biggest Importer of Rare Earths
Last year China was a net-importer of at least seven rare earth oxides (and oxide equivalents)
Earlier this week Adamas Intelligence spoke with Reuters about China becoming a net-importer of several rare earth oxides (and oxide equivalents) in 2018, as we concluded in a new report, titled ‘Rare Earth Recap 2018: Global Production, Trade and Prices‘.
Among the points emphasized:
- China has long been the world’s largest exporter of rare earth materials, but in 2018, for the first time in decades, China was a net-importer of at least seven rare earth oxides (and oxide equivalents), resulting in the nation also becoming the world’s largest importer.
- China imported 41,400 tonnes of rare earth oxides and oxide equivalents in 2018, an increase of 167% year-over-year as an ongoing crackdown on illegal rare earth production in China slashed domestic output.
- Imports were primarily in the form of mineral and chemical concentrates from Myanmar and the U.S.
- If imports from Myanmar are banned in 2019 and China’s production quotas are not sufficiently increased to compensate, the potential for dysprosium, terbium and gadolinium supply disruptions will rapidly increase, as too will the potential for high-grade magnet supply disruptions.
Rare Earth Recap 2018: Global Production, Trade and Prices
Adamas Intelligence’s Rare Earth Recap is the industry’s go-to guide for assessing global rare earth production, trade and prices.
The report is an essential reference for producers, end-users, investors and other stakeholders with a professional interest in the rare earth industry. License the report for your organization today.
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