The 3G Mineral Group Dominated by China and Its Implications for the U.S.
April 17, 2024
Late in 2023, China announced export quotas and tariffs on severa...
China’s near monopoly on the global rare earths market is increasing the costs of products that depend on the minerals. Without a reliable minerals supply chain, companies like Mitsubishi Electric are finding themselves unable to “absorb fully the excessive increases in its material costs,” and are being forced to pass the added costs on to consumers.
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