FT: Xi Highlights China’s Dominance of Rare Earths Market
China’s president visits a rare earth magnet maker, kicking off speculation that it may restrict exports to U.S.
Earlier this week Adamas Intelligence spoke with the FT about Xi Jinping’s recent visit to a rare earth magnet plant in China and what it means in the context of the U.S.-China trade war.
Among the points emphasized:
- The optics are as they appear. The fact it’s a magnet plant is not a coincidence. It’s signalling that China knows magnets are not only important to U.S. high-tech industries — electric vehicles, wind — but also defense.
- The visit is absolutely a suggestive move and the timing of it puts the U.S. between a rock and a hard place because companies outside China, such as MP Materials, that are starting alternative rare earths processing facilities would struggle to independently meet U.S. demand in the near-term.
More Info: Rare Earth 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.
Back to overview