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China’s exports of two rare minerals essential for manufacturing semiconductors fell to zero in August, a month after Beijing imposed curbs on sales overseas, citing national security.
Minerals and Metals Group (MMG) was formed after its parent company, China Minmetals, bought almost all mining assets of OZ Minerals in June 2009. [12] The deal in which the Golden Grove, Sepon, Century, Rosebery, Avebury, Dugald River, High Lake and Izok Lake Mines as well as some exploration assets were sold for US$1.354 billion by OZ Minerals to China Minmetals, [13] initially also ...
In 2022, China produced 68% of the world’s rare earth minerals, which are used for things like magnets and batteries, and 70% of its graphite, which is used in lubricants, electric motors, and ...
MP Materials is listed on the New York Stock Exchange under the ticker symbol "MP". As of December 2021, JHL Capital Group, QVT Financial and CEO James Litinsky were the company's three largest shareholders, with about 7.7% of the company owned by Shenghe Resources, a Chinese company partly owned by the country's Ministry of Natural Resources. [12]
The rare earth industry in China is a large industry. Rare earths are a group of elements on the periodic table with similar properties. Rare earth metals are used to manufacture technologies including electric vehicles (EVs), wind turbines, consumer electronics and other clean energy technologies. Rare earth elements are also important to national governments because they are used in the ...
Rare Earths Norway’s discovery comes at a time when Europe and the U.S. have had tense trade relations with China. Many of those tensions are wrapped up in national-security issues as well.