For years China has subsidized the rare earth mining industry within its borders in order to command a dominant position in the supply chain.
Now though, there is an issue of overcapacity creating unsustainably low prices. Subsidies are being pulled back as a response and major mines are shutting down because of it.
Connections
Rare Earth Supply Concentration Creates Huge Fragility
Three Key Concerns With China’s Dominant Position In The Rare Earth Supply Chain
Reference
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