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As of this month, the U.S. startup Phoenix Tailings is reported to be working on addressing a key bottleneck in reducing dependence on China, converting separated rare earths into high-purity metal in... 0.800

👤 The author 📋 Analysis 🏷️ Business , Economics , USA , Rare Earths

Simplified: Phoenix Tailings is working on converting rare earths into high-purity metal ingots.

1 sources

1 month ago
However, despite recent efforts made by the Australian government – such as the $1.2 billion Critical Minerals Strategic Reserve – oversupply is expected to further erode profitability and discourage... 0.800

👤 The author 📋 Analysis 🏷️ Economics , Australia , Rare Earths

Simplified: Oversupply is expected to erode profitability discourage investments outside China despite Australian government efforts.

1 sources

1 month ago
As a result, Hitachi eventually shut down the factory in 2020, and the equipment was placed in storage. 0.900

👤 The author 📋 Analysis 🏷️ Business , Economics

Simplified: Hitachi shut down factory in 2020 equipment was placed in storage.

1 sources

1 month ago
In May, Australia’s Lynas Rare Earths became the first producer of heavy rare earths outside China, following the successful production of dysprosium at its plant in Malaysia. 0.900

👤 The author 📋 Analysis 🏷️ Business , Economics , Australia , Rare Earths

Simplified: Lynas Rare Earths became first producer of heavy rare earths outside China in May.

1 sources

1 month ago
U.S. companies were unwilling to pay a premium for domestically produced magnets and continued sourcing from China. 0.900

👤 The author 📋 Analysis 🏷️ Business , Economics , USA , Trade

Simplified: US companies were unwilling to pay premium for domestic magnets continued sourcing from China.

1 sources

1 month ago
However, the factory’s production costs were significantly higher than those of large-scale facilities in Ganzhou. 0.900

👤 The author 📋 Analysis 🏷️ Business , Economics

Simplified: Hitachi's factory production costs were higher than Ganzhou facilities.

1 sources

1 month ago
The low-price barrier created by China’s industrial policies has hindered, and are likely to keep hindering, alternative rare earth production efforts. 0.900

👤 The author 📋 Analysis 🏷️ Economics , Rare Earths , China

Simplified: China's low-price barrier hinders alternative rare earth production efforts.

1 sources

1 month ago
China’s centralized system, however, allows it to absorb losses to retain control over critical materials. 0.900

👤 The author 📋 Analysis 🏷️ Government , China , Economics

Simplified: China's centralized system allows it to absorb losses to retain control over critical materials.

1 sources

1 month ago
Countries such as Japan, the U.S., and Australia have also invested in the rare earth industry, but these efforts have had a limited effectiveness in building a rare earth empire to rival China’s. 0.800

👤 The author 📋 Analysis 🏷️ Economics , Rare Earths , Japan , USA , Australia

Simplified: Japan US Australia invested in rare earth industry efforts had limited effectiveness rivaling China.

1 sources

1 month ago
For example, the price of neodymium-praseodymium (NdPr) reportedly fell by 20 percent between January and July 2024. 0.900

👤 The author 📋 Analysis 🏷️ Economics , Rare Earths

Simplified: Neodymium-praseodymium price fell 20 percent between January and July 2024.

1 sources

1 month ago
Investing ahead of demand has led to oversupply and lower prices. 0.800

👤 The author 📋 Analysis 🏷️ Economics , Investment

Simplified: Investing ahead of demand has led to oversupply lower prices.

1 sources

1 month ago
Chinese government offers generous credit for rare earths used in strategic technologies. 0.900

👤 The author 📋 Analysis 🏷️ Government , China , Economics

Simplified: Chinese government offers generous credit for rare earths in strategic technologies.

1 sources

1 month ago
Subsequently, China’s industrial policy depressed the global price of rare earths, discouraging other countries from entering the market. 0.900

👤 The author 📋 News Article 🏷️ Economics , Trade , Policy

Simplified: China's industrial policy depressed the global price of rare earths discouraging other countries from entering the market.

1 sources

1 month ago
Under the direct oversight of the State Council, such state-owned enterprises significantly strengthened Beijing’s ability to influence the pricing of key rare earth elements. 0.900

👤 The author 📋 News Article 🏷️ Economics , Trade , Policy

Simplified: State-owned enterprises strengthened Beijing's ability to influence the pricing of key rare earth elements.

1 sources

1 month ago
Additionally, in 2022, three large mining conglomerates and two research institutes merged into the China Rare Earth Group, enabling China to control 30–40 percent of the global supply. 0.950

👤 The author 📋 News Article 🏷️ Economics , Trade , Statistical , Historical

Simplified: In 2022 three large mining conglomerates and two research institutes merged into the China Rare Earth Group enabling China to control 30–40 percent of...

1 sources

1 month ago
These state-owned enterprises accounted for 99.9 percent of China’s rare earth production quota in the first half of 2016. 0.950

👤 The author 📋 News Article 🏷️ Economics , Trade , Statistical , Historical

Simplified: State-owned enterprises accounted for 99.9 percent of China's rare earth production quota in the first half of 2016.

1 sources

1 month ago
Subsequently, China established itself as a dominant player in rare earth production in the 1990s. 0.950

👤 The author 📋 News Article 🏷️ Economics , Trade , Historical

Simplified: China established itself as a dominant player in rare earth production in the 1990s.

1 sources

1 month ago
A disparity this large will require years for others to overcome. 0.800

👤 The author 📋 News Article 🏷️ Economics , Trade

Simplified: A disparity this large will require years for others to overcome.

1 sources

1 month ago
Notably, China possesses a rare earth processing capacity of 220,000 tonnes annually, approximately five times the combined capacity of all other countries. 0.950

👤 The author 📋 News Article 🏷️ Economics , Trade , Statistical

Simplified: China possesses a rare earth processing capacity of 220000 tonnes annually approximately five times the combined capacity of all other countries.

1 sources

1 month ago
In contrast, while countries such as Brazil, India, Russia, and Vietnam hold considerable amounts of rare earth reserves, they lack sufficient state support to capitalize on this critical industry. 0.900

👤 The author 📋 News Article 🏷️ Economics , Trade , Policy

Simplified: Brazil India Russia and Vietnam lack sufficient state support to capitalize on rare earth reserves.

1 sources

1 month ago