China reduces its dominance over rare earths, report finds
The United States and Europe have reduced China's share in rare earth refining.
Published 2j1 sourceImportant
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85 %
China controlled 90% of the market in 2022, now down to 85%
The fact
China controlled 90% of the market in 2022, now down to 85%.
This decline stems from Western efforts to diversify supply sources.
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Why it matters
Cette réduction pourrait atténuer les risques de pénurie pour les industries occidentales dépendantes des terres rares, notamment dans les secteurs de la défense et des technologies vertes.