As the state-owned China Northern Rare Earth (Group) High-Tech, which in 2021 controlled around 60% of China’s rare earth mining output, formed a strategic partnership with another non-state rare earth miner, China Rare Earth Holdings, which is a new rare-earth giant related with Aluminum Corporation of China, China Minmetals, and Ganzhou Rare Earth Group.

Monopoly brings a sharp peak to the cost of PyNd raw materials, which is the main component of neodymium magnets. Additionally, high domestic demand in the automobile and clean energy industry also laid a heavy burden on the long-term rise in the cost of rare-earth.

However, It takes time for Lynas to build an entire supply chain for rare earth permanent magnets in USA or Australia, let along the price war and environmental issues they will be faced with.


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