In recent days we’ve seen a flurry of activity concerning reports that the Chinese Ministry of Industry and Information Technology has called for a total ban on foreign shipments of certain rare earths elements. These reports also claim that other rare earth metals including neodymium, would be restricted to a combined export quota of 35,000 tonnes a year, “far below global needs“.
I spoke earlier today with John Ebert of Yunsheng USA, the US arm of a fully integrated Chinese “mine-to-market” magnetic materials company. He had recently spoken with colleagues in China who had access to the report in question, and was able to get a different perspective on it.
I wrote up my discussion with John in an article at RareMetalBlog.com titled “The Sky Is Not Falling – A Different Perspective On The Chinese MIIT Report On Rare Earths” – feel free to check it out.