China's export controls on core rare earth elements (REE) has led to scarcity across the globe and put the spotlight on REE supply chains, especially those which exclude China which is currently the world's biggest source of raw and refined rare earths, which affords it a unique advantage in the ongoing global trade wars.
In a recent must read report (available to pro subscribers), Morgan Stanley's metal and mining team published an in-depth look at a number of early-stage REE and magnet projects to map out where Western countries may be able to source these critical minerals, and to find the biggest potential winners from the biggest clash in the ongoing trade war between the US and China.
We excerpt the key highlights below.
