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As China strives to hang onto its pole position in the rare earth sector, deteriorating relations with Western countries may speed up their diversification efforts, but analysts say it may be difficult to break free of the stranglehold that China has on the supply chain for critical minerals.
The US is taking a harder line in efforts to end its dependency on China for critical minerals, but the erosion of China’s world-leading market share cannot happen overnight, despite rising geopolitical tensions.
Korea on track to cut dependency on China for rare earths
/PRNewswire/ - Defense Metals Corp. ("Defense Metals" or the "Company") (TSX V : DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce the initial results of...
The Western world must draw up a strategic plan for rare earths; otherwise China could control the price of the metals by adjusting supply.