Mining Through Uncertainty

China's Dominance of the Rare Earth Market Rare Earth Extraction in 2018 Seventy percent of rare earths are mined in the People's Republic of China, and processes a greater percentage of the rare earths annually Eighty percent of U.S. imports of usable rare earths also come from China NEVADA Mining Association Others 30% People's Republic of China 70% ■ Earlier this year, the Chinese government suggested it would lower the amount of rare earths supplied to the U.S. as retaliation for increased tariffs on Chinese goods MINING THROUGH UNCERTAINTY Source: South China Morning Post 91 APPLIED ANALYSIS

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