this post was submitted on 14 Apr 2025
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China dominates global rare-earths refining. In some cases, there are no alternative suppliers outside China. (lemmygrad.ml)
submitted 2 months ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml
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https://www.bloomberg.com/news/articles/2023-12-21/china-bans-exports-of-some-rare-earth-processing-technologies-lqf1pzw8

https://archive.ph/45377

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[–] Idliketothinkimsmart@lemmygrad.ml 13 points 2 months ago

Until 2023, China produced 99 percent of the world’s supply of heavy rare earth metals, with a trickle of production coming out of a refinery in Vietnam. But that refinery has been closed for the past year because of a tax dispute, leaving China with a monopoly.

I guess 100% literally isn't an exaggeration