Myanmar Boosts China's Rare Earths

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CNBC

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Science

How a war-torn Myanmar plays a critical role in China's rare earth dominance

Summary

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86% Informative

China is the world's top producer of rare earths, but imports raw materials from abroad.

Myanmar accounted for about 57% of China 's total rare earth imports last year .

Myanmar is home to deposits that tend to have higher heavy rare earth elements.

China 's reliance on Myanmar has also opened it up to supply chain risks, experts said.

Still, he notes that environmental standards are expected to be higher in those countries, which will present challenges for rare earth miners. China 's decision to cut back on its own extraction of heavy rare earth elements may serve as a warning to other countries about the costs of developing such projects. A report by Chinese media group Caixin in 2022 documented how former IAC operation sites in Southern China had left behind toxic water and contaminated soil, hurting local farmers' livelihoods..

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English

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