Part 3/7:

Declining Dominance in Rare Earths

In a separate vein, China's share in the global rare earths market, crucial for high-tech industries, is projected to decline sharply. Research from the Chinese Academy of Social Sciences forecasts a drop in China's production share from 62% to 28% by 2035 and further to 23% by 2040. This anticipated decline signals an impending diversification in global supply chains, with emerging new mining ventures in Africa, South America, and Australia contributing to the shift.