Rare Earths Not Rare! Excess Production in China Crashes Prices, Strategic Failure

“China’s overcapacity” has become a particularly thorny issue amid the current global economic downturn, greatly impacting global production chains, especially in industries such as steel, new energy vehicles, and solar energy. The latest news indicates that China is also experiencing an overproduction issue with rare earth elements, leading to a significant drop in international rare earth prices.
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