China dominates the RE
magnet industry, producing
69% of the world’s supply. This
overwhelming share makes it
the backbone of global
technologies-from electric
vehicles to renewable energy
systems-where these magnets
are indispensable.
The strength behind this
dominance lies in resources.
China controls 49% of global
rare earth reserves, giving it
unmatched leverage to sustain
production and influence
markets for decades to come,
unless meaningful reserves are
identified in other geographies.
EXHIBIT: China controls key stages of rare earth metal processing
