Photo: Reuters

Topic

Rare earthsi

Rare earths are increasingly important for some high-tech products such as smartphones and hybrid cars. China is the world’s largest producer and consumer of rare earths, accounting for 90 per cent of the world’s supply of all rare earths. In 2011, China has been criticised for curbing rare earth exports, and in 2011 it exported 16,900 tonnes of rare earth, down 58 per cent from year ago. It consumed about 83,000 tonnes, against global demand of 110,000 tonnes in 2011, according to an industry estimate.

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  • Spy agencies and organisations with ‘complicated backgrounds’ have been gathering intelligence and stealing tech, according to state security ministry
  • It says rare earth-related items have been ‘illegally exported and misused … damaging our national interests and posing a threat to national security’
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With more countries searching for – and finding – stores of rare earth minerals, China’s former near-monopolist role in the trade of the metals is gradually being eroded.

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Soil samples brought to Earth by Chinese moon mission show unique mineral was likely produced in Aristarchus crater and ejected northward to sample site.

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The comprehensive strategic partnership will support expanded cooperation on a range of issues, including climate, energy, defence and security.

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Seoul is concerned it may lose out if Tokyo claims a large portion of Block 7, an underexplored zone in the East China Sea that could hold vast oil reserves.

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High-risk, high-cost mega-infrastructure projects like those backed by Belt and Road Initiative decline in popularity, with developments now seen in sectors with faster returns and fewer operating costs.

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Beijing’s decision to resume global shipments after months-long halt triggered a leap in sales of the mineral key to manufacturing semiconductors.

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Senate resolution to ratify UN Convention on the Law of the Sea appears doubtful amid American culture wars despite enjoying some bipartisan support.

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Demonstrators in Sulawesi gave a list of 23 demands, including smelters be better maintained, to Indonesia Tsingshan Stainless Steel’s management.

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British MPs warn that the UK is almost entirely dependent on imports of critical minerals needed to make key everyday items such as smartphones.

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Strong ties between China and world’s major mineral exporters, especially those with vast copper and nickel resources, leave West playing catch-up in securing supplies.

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President Xi Jinping pledged more measures to attract foreign investors in November, Premier Li Qiang took the helm at the Central Financial Commission and China announced visa-free entry plans.

The Critical Raw Materials Act was proposed in March to ensure the EU’s access to a sustainable supply of raw materials crucial to the digital, aerospace and defence sectors, and the green energy push.

China has not invested enough in the exploration of strategic minerals, according to natural resources minister Wang Guanghua, with national security and self-reliance an increasing concern for Beijing.

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China’s Ministry of Commerce on Tuesday asked exporters of rare earth metals and oxide products to report transactions, with importers of crude oil, iron ore, copper ore concentrates and potash fertiliser also asked to report orders and shipments.

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With export controls already put in place by the West over semiconductors and other necessary components for the development of its tech industry, China is making strides in finding other paths to keep up supplies of the minerals it needs to produce and innovate at scale.

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The extension of Lynas’ license comes amid Malaysian concerns regarding radiation levels from the cracking and leaching operations during raw material processing.