Beijing’s Strategic Option? China Reduces Its Exports of “Rare Earths” – Counter Information
According to the USGS,
“in 2008, China accounted for more than 90 percent of world production of REEs, and by 2011, China accounted for 97 percent of world production.”
While these figures may be overstated, it’s clear that users of REEs are heavily dependent on China as a supplier, by far the world’s largest producer, refiner, and exporter.
According to China’s General Administration of Customs data, REE exports from January through May were 7.2% less than the comparable 2018 period.