China rare earth exports jump as fears of Myanmar supply disruption spark more buying

Quick Summary:

An armed group fighting Myanmar's ruling military said it had taken control of a mining hub that is a major supplier of rare earth oxides to China, likely disrupting shipments.

That compared with 4,181 tons in September and 4,291 tons in October 2023.

Analysts at consultancy Shanghai Metals Market said in a note on Oct.28 that shipments of rare earth raw materials from Myanmar to China were temporarily suspended due to domestic unrest from the conflict.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets: IndiaChinaNorth KoreaMyanmarUkraine

Topics: Shanghai metals market Myanmar China China rare earth Rare earth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 10:50:40 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 505 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23457304

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