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.
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