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First production of mixed rare earth sulphate at the Phalaborwa project in South Africa. Credit: Rainbow Rare Earths
Eight mines in countries such as Tanzania, Angola, Malawi and South Africa are expected to start production by 2029 and contribute 9% of global supply, according to Benchmark Mineral Intelligence. Most of this new supply could still be secured by Western and non-Chinese processing firms, the London-based industry consultant said in a new analysis.
The US and its allies are trying to build supply chains independent of China. While 37% of the future African supply is already destined to be shipped to Chinese buyers, most of the production is “potentially available for ex-China and Western rare earths companies,” Benchmark said, noting that Europe is developing the most processing facilities outside of China.
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