China, Rare Earth
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In the chaos of war, there’s nothing to stop Chinese firms from ravaging the landscape and extracting the minerals, which end up in China.
Further bolstering domestic priorities, state-run IREL (India) Limited was directed in June 2025 to suspend a 13-year-old export agreement with Japan, redirecting rare earth supplies for local use to reduce reliance on Chinese imports. Also Read: '2026 Election Will Be Fought To Form A BJP-Led NDA Government': Amit Shah In Kerala
Despite a 90-day truce in its trade war with the United States, China appears to be maintaining tight control over its rare earth exports – preserving a key source of leverage in future ...
The continent wants to reduce the risks of depending so heavily on China for the valuable minerals. The question is how.
A recent assessment by Australian firm Earth Rarest estimated that Australia could supply up to 20 per cent of global demand for neodymium and praseodymium, but warned that a full replacement of Chinese supply across all 17 rare earth elements remains unlikely in the near term.