Supply ChainRare-earth prices fall on supply increase and China auto slowdown
Beijing loses leverage of once potent export ban despite rising tensions with Washington
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
August 13, 2022 04:45 JST
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.