China published the second batch of May export data, showing that shipments of the rare earth elements terbium and dysprosium fell to zero. Meanwhile, the Group of Seven leaders agreed to strengthen global critical mineral supply chains this week during their meeting in Canada—the details in our roundup.
Rare Earths: Chinese Exports of Terbium and Dysprosium Plummet to Zero in May
Chinese customs authorities have released the second batch of May export data, revealing that exports of the rare earth elements dysprosium and terbium fell to zero. This marks a significant development following the introduction of new export licensing requirements on April 4. Under the updated rules, exporters must obtain licenses to ship these two elements, as well as five other rare earths and their compounds, outside of the country.
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G7 Leaders Agree to Strengthen Critical Mineral Supply Chains
The leaders of the Group of Seven (G7) have provisionally agreed on a strategy to bolster the resilience of critical mineral supply chains, according to media reports. A draft statement emphasizes diversification, increased investment, and the need for markets to reflect the true costs of responsible extraction, processing, and trade.
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Report: India Seeks to Halt Rare Earth Exports to Japan
India has reportedly directed state-owned India Rare Earths Ltd (IREL) to suspend a long-standing export agreement with Japan, according to sources familiar with the matter. The deal, which has been in place since 2012, primarily involves the supply of neodymium, a key component used in high-performance magnets, to a Japanese trading house for subsequent shipment to Japan.
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Implementation of German Raw Materials Fund Faces Further Delays
Germany’s dependence on imported specialty raw materials remains a significant risk for its industrial sector. A €1 billion government fund is intended to support domestic projects for the extraction, processing, and recycling of critical resources. However, implementation is faltering: According to Spiegel Online, no consulting firm has yet been commissioned to evaluate funding applications.
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