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03 Jun
00:10

China to maintain control of REE refining this decade: IEA

The global refining capacity of rare earth magnets is expected to remain highly geographically concentrated by 2030, with China alone accounting for 77% of global refining, according to the International Energy Agency (IEA). Magnets made from these elements are critical to the clean energy transition due to their use in automotive traction motors for electric vehicles and in wind turbine motors. In its latest report titled Global Critical Minerals Outlook 2024, th…
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