excalibur
Diamond Member
- Mar 19, 2015
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Great news.
And another loss for China.
www.zerohedge.com
And another loss for China.
As the WSJ reports, Australia's Lynas Rare Earths has begun pumping out heavy rare earths, the elusive kind that China dominates.
“No one had made a separated heavy rare earth outside of China in 20 years,” said Amanda Lacaze, Lynas’s chief executive. The company’s chief operating officer, Pol Le Roux, said it had actually been 30 years.
When China cut off exports of heavy rare-earth elements during trade tensions last year, automobile factories in the US and Europe were forced to stop production. Now, Lynas is at the vanguard of an effort by the US and allies to prevent Beijing from using its monopoly power to squeeze the rest of the world.
To minimize China's monopoly on rare earth supply, the Pentagon has been opening its wallet in unusual ways to ensure supplies. In March 2026, Lynas announced a preliminary $96 million deal in which the Pentagon would purchase Lynas’s rare earths.
Others are in hot pursuit of the Pentagon's money: Las Vegas-headquartered MP Materials, backed by billions of dollars in U.S. government support, is planning its own refinery for heavy rare earths that is set to come online later this year. And last week, USA Rare Earth announced a "transformative" $2.8 billion acquisition of Brazil's Serra Verde Group, owner of the Pela Ema rare earth mine and processing plant in Goiás, Brazil, which is a "one-of-a-kind asset and the only producer outside Asia capable of supplying all four magnetic rare earths at scale, together with other vital REEs, such as Yttrium."
Last month, Lynas began producing samarium oxide, a difficult-to-source rare earth in high military demand that is used in heat-resistant magnets for jet fighters and missiles.
“There is no doubt that 2025 was the wake-up call the United States needed to undertake bold industrial policy,” said Gracelin Baskaran, who leads the critical minerals program at the Center for Strategic and International Studies in Washington.
...
Lynas and MP Materials are two of the leading Western rare-earths producers, and Washington wants more suppliers. In February, the U.S. International Development Finance Corp. extended $565 million in loans to Serra Verde, which operates a mine in Brazil with significant reserves of heavy rare earths. Then, as noted above, last week USA Rare Earth, the Stillwater, Okla., company that has recently commissioned equipment to make rare-earth magnets, said it would acquire Serra Verde in a deal valued at about $2.8 billion, part of an arrangement that will ensure a steady supply of heavy rare earths to the U.S.
...
“No one had made a separated heavy rare earth outside of China in 20 years,” said Amanda Lacaze, Lynas’s chief executive. The company’s chief operating officer, Pol Le Roux, said it had actually been 30 years.
When China cut off exports of heavy rare-earth elements during trade tensions last year, automobile factories in the US and Europe were forced to stop production. Now, Lynas is at the vanguard of an effort by the US and allies to prevent Beijing from using its monopoly power to squeeze the rest of the world.
To minimize China's monopoly on rare earth supply, the Pentagon has been opening its wallet in unusual ways to ensure supplies. In March 2026, Lynas announced a preliminary $96 million deal in which the Pentagon would purchase Lynas’s rare earths.
Others are in hot pursuit of the Pentagon's money: Las Vegas-headquartered MP Materials, backed by billions of dollars in U.S. government support, is planning its own refinery for heavy rare earths that is set to come online later this year. And last week, USA Rare Earth announced a "transformative" $2.8 billion acquisition of Brazil's Serra Verde Group, owner of the Pela Ema rare earth mine and processing plant in Goiás, Brazil, which is a "one-of-a-kind asset and the only producer outside Asia capable of supplying all four magnetic rare earths at scale, together with other vital REEs, such as Yttrium."
Last month, Lynas began producing samarium oxide, a difficult-to-source rare earth in high military demand that is used in heat-resistant magnets for jet fighters and missiles.
“There is no doubt that 2025 was the wake-up call the United States needed to undertake bold industrial policy,” said Gracelin Baskaran, who leads the critical minerals program at the Center for Strategic and International Studies in Washington.
...
Lynas and MP Materials are two of the leading Western rare-earths producers, and Washington wants more suppliers. In February, the U.S. International Development Finance Corp. extended $565 million in loans to Serra Verde, which operates a mine in Brazil with significant reserves of heavy rare earths. Then, as noted above, last week USA Rare Earth, the Stillwater, Okla., company that has recently commissioned equipment to make rare-earth magnets, said it would acquire Serra Verde in a deal valued at about $2.8 billion, part of an arrangement that will ensure a steady supply of heavy rare earths to the U.S.
...
China Loses Monopoly Over The Rarest Of Rare Earths<!-- --> | ZeroHedge
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