Rare Earths: State Intervention Needed To Reshape Rare Earths Market

Markit3.73K FollowersFollow5ShareSavePlay(6min)CommentsSummaryGovernment support is emerging as the most effective strategy for nations to cut their dependence on China's rare earths supply chains, as market forces alone could not overcome China's entrenched dominance in the sector, according to industry participants.China's recent restrictions on its rare earths exports have increased the urgency for industry players to seek alternative sources of the material.While state support boosts private investor confidence in rare earths projects, these developments must still demonstrate their ability to deliver a reliable supply, as shifts in policies or governments may result in the reallocation of funds. RHJ/iStock via Getty Images Rare earth elements have come under increasing focus owing to their importance to defense equipment manufacturing and clean technology. China has monopolized this supply chain for over two decades and has not shied away from usingThis article was written byMarkit3.73K FollowersFollowIHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.