China’s Rare Earth Monopoly Threatens Global Climate Transition, Warns Expert

China’s control over critical minerals, especially rare earth elements, poses a significant threat to the global climate transition, according to strategic affairs expert Jagannath Panda. Speaking at COP30 in Belem, Panda highlighted that China oversees nearly 60% of global rare earth production and around 90% of refining capacity, giving it the power to influence, or even weaponize, the pace of
China’s control over critical minerals, especially rare earth elements, poses a significant threat to the global climate transition, according to strategic affairs expert Jagannath Panda. Speaking at COP30 in Belem, Panda highlighted that China oversees nearly 60% of global rare earth production and around 90% of refining capacity, giving it the power to influence, or even weaponize, the pace of
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