"Myanmar has rare-earth mines that are similar to those in China's Ganzhou. It's also a time when China is striving to adjust its rare-earth industries from large-scale dumping to refined processing, as China has grasped many technologies after years of extensive development," Wu said.Experts said that the resumption of the rare-earth trade should lead to lower prices in China, at least for some months, after prices have grown since the beginning of this year. "Exports are estimated to be basically the same as before. Rare earths are widely used in products like batteries and electric motors to enhance the products' performance. "Also, the whole industry is aware of rare earths' value restoration, after the government raised the requirements to protect rare-earth resources and stop low-price dumping," he said.Wu noted that as Myanmar resumes its exports to China, China's rare-earth processing and exports will increase accordingly, but the market impact will be limited, as there haven't been any significant changes in the world's rare-earth supply structure.

Source: The Hindu December 02, 2021 12:35 UTC