2 days ago
- Business
- South China Morning Post
What are rare earths, and why is China's dominance facing global pushback
Read more about rare earths:
Rare earth elements are the cornerstone of producing electronics and technological applications, from defence equipment to automobiles. China dominates the global supply of rare earths, controlling more than 90 per cent of all processing. Amid widening trade wars and growing economic instability, companies have sought to diversify their supply chains to lower their reliance on Chinese supplies. But industry analysts suggest that from funding to production, such change could take upwards of 20 years because of major challenges including time, cost and human capital.
