Opinion | Vietnam s Catch-22 in courting China as a rare earth partner scmp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scmp.com Daily Mail and Mail on Sunday newspapers.
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
Read more about how rare earth magnet production looks set to advance in the US and Europe in 2024, with market participants outside of China seeking to secure and onshore the supply chain for magnets
Chinese investors, driven by Vietnam’s strategic position and their own financial prowess, are deeply embedding themselves across various sectors in the country.
Posco, Star to invest in EV magnet plant just-auto.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from just-auto.com Daily Mail and Mail on Sunday newspapers.