News about rare earth • China

India has the world's fifth-largest rare earth reserves, at 6.9 million metric tons, but there is no domestic magnet production. India relies on imported magnets, mainly from China.

China holds most of the keys. You've probably never heard of dysprosium or neodymium, but Tesla vehicles, F-35 fighter jets, and your iPhone rely on them heavily. They're two of the 17 elements known as rare-earth elements (REEs) — a bit of a misnomer because they're actually not particularly rare.

China has long dominated the mining and processing of rare earth minerals, as well as the production of related components like rare earth magnets.