China's rare earth imports from Myanmar surge in first half of 2023

South Africa News News

China's rare earth imports from Myanmar surge in first half of 2023
South Africa Latest News,South Africa Headlines
  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

BEIJING/MELBOURNE : China's imports of rare earths from No.2 supplier Myanmar have surged this year, customs data showed on Thursday, as the world's biggest processor of the minerals steps up production for its growing automotive and wind energy sectors.China imported 34,241 metric tons of rare earth ores

BEIJING/MELBOURNE : China's imports of rare earths from No.2 supplier Myanmar have surged this year, customs data showed on Thursday, as the world's biggest processor of the minerals steps up production for its growing automotive and wind energy sectors.

Myanmar has become China's biggest supplier of heavy rare earths in recent years, providing about 40 per cent of its supplies of minerals including dysprosium, yttrium and terbium, according to Canada-based Adamas Intelligence. Shipments from China's top supplier of rare earths, the United States, meanwhile fell 21 per cent in the first half of this year compared with last, to 38,236 tons.

Increasingly a concern to Western nations, Chinese miners are developing new overseas supplies to maintain their grip on the global market, say analysts.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ChannelNewsAsia /  🏆 6. in SG

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BofA cuts China's 2023 growth forecast to 5.1%BofA cuts China's 2023 growth forecast to 5.1%BofA Global Research on Thursday cut China's economic growth forecast for this year to 5.1 per cent on a disappointing second-quarter gross domestic product (GDP) growth and potential delay in forceful policy response.The brokerage previously expected the country's economy to grow at 5.7 per cent.I
Read more »

Check out top cosplayers, music performances and workshops at AFA Creators Super Fest Singapore 2023Check out top cosplayers, music performances and workshops at AFA Creators Super Fest Singapore 2023The inaugural AFA Creators Super Fest Singapore will be held from Jul 22 to 23 at Singapore Expo.
Read more »

Maid insurance policies in Singapore 2023: What are they and how much do they cost?Maid insurance policies in Singapore 2023: What are they and how much do they cost?For some families, the person who really runs the household is a domestic helper. Without her, dishes would go unwashed, toilets would start to stink and kids would run amok with... The post Maid Insurance Policies in Singapore 2023—What Are They and How Much Do They Cost? appeared first on MoneySmart Blog.
Read more »

Sign-on bonus for fresh local nursing graduates joining public healthcare sector in 2023Sign-on bonus for fresh local nursing graduates joining public healthcare sector in 2023This is part of efforts to intensify the hiring of local nurses, said Health Minister Ong Ye Kung. Read more at straitstimes.com.
Read more »

Is the Great Singapore Sale happening this year?Is the Great Singapore Sale happening this year?The annual sale extravaganza, which is typically held in the middle of the year, is not listed on the Singapore Retailers Association’s list of upcoming events for 2023.
Read more »

Asia’s 50 Best Bars 2023: Hong Kong’s agave-focused Coa is the best bar in AsiaAsia’s 50 Best Bars 2023: Hong Kong’s agave-focused Coa is the best bar in AsiaSingapore snags 11 spots with Jigger & Pony at No. 2 as the city’s best bar in this year’s Asia’s 50 Best Bars.
Read more »



Render Time: 2025-03-21 05:31:11