Rare-earth prices fall on supply increase and China auto slowdown

Beijing loses leverage of once potent export ban despite rising tensions with Washington

20220812N Australia rare earth mine

The Mount Weld rare-earths mine in Western Australia. Shares of Lynas Rare Earths, which owns the mine, are at the highest point in about four months. © Reuters

YOSUKE KAWAJI and SHOKO HIRUTA, Nikkei staff writers

TOKYO -- Prices for rare-earth metals are declining as new mining is slated to start in Australia and elsewhere, spurring oversupply concerns and chipping away at China's dominance of elements that are vital to the production of high-tech items from smartphones to electric cars and military hardware.

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