The Kachin Independence Army's takeover of Myanmar's rare earth mines has disrupted global supply chains, causing prices to surge and raising concerns about the future availability of these critical minerals.
Via Metal Miner The Rare Earths MMI Monthly Metals Index trended sideways with a slightly downward movement of 2.59%. Numerous factors remain at play within the global rare earths market. One of the most significant factors rare earths buyers need to remain aware of is the ongoing conflict within Myanmar , one of the world's key rare earth suppliers, regarding rebel mine takeovers.
This loss not only diminishes the military's territorial control over mines in the region, but also cuts off significant revenue streams from rare earth minerals previously supplied to China. Myanmar is a crucial supplier of heavy rare earth elements HREEs to China, accounting for approximately 50% of the country's feedstock. The KIA's takeover of mining areas, including the largest rare earth mine at Pang War, has forced the suspension of all mining activities.
Myanmar Kachin Independence Army Mining Conflict Supply Chain Disruption Rare Earth Prices China Heavy Rare Earth Elements Geopolitical Tension Critical Minerals
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