Column: Electric dreams turn into a nightmare for battery metals
A sector that was once racing to build new supply has been closing mines and deferring projects as low prices bite into the cost curve.
Chinese industrial executives say the world’s supply of rare earth minerals will outstrip demand within five years, ending reliance on China’s exports.
Wang Hongquain, general manager of China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (NFC), toldChina Daily more nations with large rare-earth deposits will resume exploration, which will lead to a global reallocation of the minerals.
