Myanmar Lobbies US to Invest in Its Rare Earths Sector, Dominated by China - BusinessWorld Online
- Myanmar's military-led government is urging the United States to increase investment in its rare earth mines, attempting to shift the sector away from China's dominance.
- The State Department released a strategy document last week aiming to gain access to Myanmar's rare earth deposits following months of secretive talks with Myanmar officials.
- Myanmar produces significant heavy rare earths, mostly exported to China to manufacture magnets, while China controls about 90% of the global magnet market.
- Representing Myanmar, lobbying firm DCI Group argued in a Monday newsletter, "Ultimately, the United States should treat Myanmar as a critical minerals priority, not simply a diplomatic challenge."
- Backed by Beijing, the Kachin Independence Army controls the primary production sites in Kachin, complicating potential United States efforts to secure these resources.
13 Articles
13 Articles
Myanmar rare earths have become critical to Chinese supply chains
(Hanoi=Yonhap News) Correspondent Park Jin-hyung = The US administration of Donald Trump has established a Myanmar strategy aimed at expanding trade with Myanmar and securing rare earth resources,...
The Straits Times
Myanmar lobbies US to invest in its rare earths sector, dominated by China
BANGKOK, Nov 10 - Myanmar's military-led government is urging the United States to beef up re-engagement efforts and rapidly boost investment in the war-torn nation's rare earths mines, a critical sector now y dominated by influential giant neighbour China. Read more at straitstimes.com.
The Myanmar government is urging the US to expedite the restoration of relations and investment in the rare earth sector, a strategically important area given China's dominant position in the supply chain of these minerals.
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