Rafael Moreno, head of a mining company with a new demo plant in Brazil, emphasizes the need to reduce China's control over rare earth supplies, crucial for various industries. As the Trump-Xi summit approaches, concerns grow about potential export bans from China, which currently dominates 80-90% of the global market for these materials.
Watch for developments from the upcoming Trump-Xi summit, as any export restrictions from China could significantly impact the rare earths market. The EU's push for supply chain diversification is critical; monitor how partnerships like Viridis and Solvay evolve to meet demand.