Rare Earths Trade refers to the commercial exchange of rare earth elements (REEs), which are a group of 17 metallic elements found in the periodic table. These elements, including lanthanides and scandium and yttrium, play a crucial role in various high-tech applications, such as electronics, renewable energy technologies, automotive components, and military equipment.
The trade involves the mining, processing, and distribution of these minerals, which are often extracted from specific geological deposits. Rare earths are primarily used for producing permanent magnets, phosphors in display screens, catalysts in petroleum refining, and batteries for electric vehicles.
Due to their critical role in modern technologies and the concentration of production in a few countries, notably China, the rare earths trade has strategic economic and geopolitical implications. Concerns over supply chain security, pricing volatility, and environmental impacts also make this trade a significant focus in international relations and trade policies. The demand for rare earths is expected to grow, driven by the transition to green technologies and advancements in consumer electronics.
Trump is considering a deal with Ukraine involving rare earth metals, essential for technology and green energy. Ukraine holds approximately 5% of global rare earth mineral resources, changing resource dynamics…