Goldman Sachs analysts believe China holds “very strong” and potentially long-lasting market power over rare earths due to its dominance across the entire supply chain.
- This leverage comes not just from controlling the rare earth minerals themselves, but also the crucial refining process and the subsequent production of the magnets derived from them. While common light rare earths aren’t scarce, the supply of heavy rare earths (like dysprosium and terbium) is tighter because they are harder to find in economically viable amounts.
- Although the U.S
China’s ‘very strong’ rare earths leverage set to endure, says Goldman Sachs
