Economic TimesLean R·
A $6.5 tn risk hidden in China's rare curbs
China’s rare earth export curbs could put $6.5 trillion of downstream production outside the country at risk each year if fully implemented, the International Energy Agency warned in a report on rare earths and critical minerals.To address those weaknesses, the report argues that countries should work multilaterally to stockpile 11 “high-risk” materials. That would require an initial purchase of $9.2 billion and with a net annual cost of $900 million, the agency said. While the figures are “sig…
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