Tidbits, Rare Earth Metals, IGC Forecast, Chinese Cranes & Equipment 4/20/25
- Wright team
- 16 hours ago
- 4 min read
Tidbits
China, having a near monopoly on the rare earth metals industry, has hinted at a stoppage since the first Trump administration. The country produces over 99% of the world’s heavy rare earth metals as well as 90% of rare earth magnets.
What is a rare earth metal? There are 17 so-called rare earth metals that are named not for being rare, but for being extremely difficult and environmentally dangerous to mine and process.
These metals are sometimes turned into powerful magnets crucial to heavy industry, like EV production. Many rare earth metals have heat-resistant properties, which are used in a number of advanced technologies like semiconductors that power AI, missiles for the U.S. military, and even LED light bulbs. They are also wildly expensive, so most companies that use them do not keep a large inventory.
President Trump is seeking alternative sources for rare earth metals. Russia, Belarus, possibly Ukraine.
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