News Snapshot:
Australia is among countries around the world making long-term strategic investments to internationalize the rare earths supply chain currently dominated by China. China’s dominance in sourcing and refining rare earth minerals has emerged as a new security issue in international relations in recent years. Rare earths are needed for a wide variety of products, ranging from smartphone to defense technology. According to the US Geological Survey, China was responsible for 80 percent of rare earths imports in 2019, underscoring its control of the market. China’s stranglehold on rare earths has led to international calls to diversify supply chains to make...
