US EditionAmid China Stranglehold, Modi Tells Brics to Secure Critical Mineral Supplies
CHINA, JUL 3 – China controls 61% of global rare earth supply and over 90% of processing capacity, leveraging this dominance to influence critical industries and global supply chains, experts say.
- During the 17th meeting of the BRICS nations held in Rio de Janeiro on Monday, Prime Minister Narendra Modi emphasized the need for member countries to collaborate in securing essential mineral supply chains and to prevent any single country from controlling these resources.
- This call followed China's April export control order that drastically cut rare earth magnet exports by 51%, exposing global supply vulnerabilities, especially in the automotive sector.
- China controls over 90% of rare earth magnet processing and produced 300,000 tons of NdFeB magnets in 2024, while the US and India suffered import declines of 58% and 78%, respectively.
- Wood Mackenzie analysts indicated that China’s stricter export restrictions may impact a significant share of the worldwide automotive manufacturing sector, potentially causing shutdowns and delays across the industry.
- The situation highlights the need for global cooperation and resilient supply chains, with India proposing Brics scientific collaboration and scheduled to host the next summit in 2026 to advance these efforts.
30 Articles
30 Articles
China has limited the export of important rare earths. Western companies reach their limits. Among other things, the scandium concerns.
kreiszeitung.de
merkur.deChina uses its dominance in the rare earth sector as a political leverage. A new deal does not change the US dependency. Trump lacks its own supply chains.
How Rare Earths Create Strategic Leverage
Once obscure and overlooked, rare earth elements (REEs) are now at the heart of the 21st-century technological revolution. From precision-guided missiles and electric vehicles to wind turbines and smartphones, REEs power the critical systems that define our digital and low-carbon future. As the global shift toward electrification and renewable energy accelerates, demand is spreading across nearly the entire Periodic Table, driven by the unique, …
In 2010, Beijing took the neighboring country Japan into the pliers and blocked the export of rare earths. As Japan's company and government reduced dependence, a lesson is also for Europe.
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