Aussie miner in trade war crossfire

Original article by Alexandra Stevenson
The Australian Financial Review – Page: 20 : 13-Jul-18

China’s domination of the global rare earths market gives the nation significant power in a trade war with the US. Rare earth minerals are an essential component of consumer goods such as smartphones and electric cars. Chinese-made goods containing rare earths are among those being targeted by the Trump administration’s latest round of tariffs. Amanda Lacaze, the CEO of Australian-listed rare earths producer Lynas Corporation, says China could easily restrict global supply if a full-scale trade war erupts. Lynas produced about 12 per cent of global rare earths supply in 2017.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, ADAMAS INTELLIGENCE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s