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Home » Podcast | Can China’s Monopoly on Rare Earth Minerals Be Broken?
The SCB Podcast

Podcast | Can China’s Monopoly on Rare Earth Minerals Be Broken?

Can China’s Monopoly on Rare Earth Minerals Be Broken?
Source: Bloomberg
November 15, 2019
Robert J. Bowman, SupplyChainBrain

Rare earth minerals are an essential ingredient of countless high-tech and electronics products. And China holds a near monopoly on the worldwide supply.

There are a total of 17 rare earth minerals used in products ranging from smartphones and big-screen TVs to aircraft engines, medical equipment and military hardware. They aren’t literally “rare,” but the high cost of mining them, coupled with potentially disastrous environmental consequences, makes them unfeasible for production in most of the world. But not China: the country currently commands a market share in rare earth minerals of around 80%. Growing trade tensions between China and the U.S. have many companies worried about whether they’ll continue to have access to a steady supply of these essential elements. On this episode, we discuss the situation with Koray Köse, senior director with Gartner. He offers advice on where companies can turn for alternative supplies, which countries might be gearing up to challenge China’s dominance in this crucial area, and the long-term strategies that supply chains should be pursuing today to protect against future disruptions. Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.

Show notes:

A Gartner brief on rare earth minerals.

  • Listen: Can China’s Monopoly on Rare Earth Minerals Be Broken?

RELATED CONTENT

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Sourcing/Procurement/SRM SC Security & Risk Mgmt High-Tech/Electronics China
KEYWORDS China High-Tech/Electronics SC Security & Risk Mgmt Sourcing/Procurement/SRM Sustainability & Corporate Social Responsibility
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Robert J. Bowman, SupplyChainBrain

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