Vietnam’s 2023 rare earth production, estimated at 600 tons, was down 50% from 2022, according to the U.S. Geological Survey’s Mineral Commodity Summaries 2024 report.
Over the past decade, Vietnam has built a beachhead in manufacturing, ranging from cars to electronics. Computers and accessories are now the largest export, surpassing textiles and footwear.
Apple: Over the past decade, Vietnam has built a beachhead in manufacturing, ranging from cars to electronics. Computers and accessories are now the largest export, surpassing textiles and footwear.
Vietnam’s abundance of these ores is catching the attention of its government as well as foreign leaders. Although current output is a tiny percentage of global supply, the nation is sitting on around 17% of known reserves, second only to China. It’ll take time and money to develop the mining and metallurgical skills needed to turn all that raw dirt into cash, but the rewards are there for the taking
Ev Production: Over the past decade, Vietnam has built a beachhead in manufacturing, ranging from cars to electronics. Computers and accessories are now the largest export, surpassing textiles and footwear.