Armed group says it takes control of Myanmar rare earth mining hub
- An armed group fighting Myanmar's ruling military said it has taken control of a mining hub that is a major supplier of rare earth oxides to China, likely disrupting shipments of elements used in clean energy and other technologies.
The Kachin Independence Army took control of Panwa on Oct. 19, spokesperson Colonel Naw Bu told Reuters on Tuesday. It had previously captured Chipwe, according to local Myanmar media. Reuters was not able to independently verify the status of both towns. Last year, Myanmar supplied China with about 50,000 metric tons of rare earth oxides from ion-adsorption clays , eclipsing China's domestic IAC mining quota of 19,000 tons and making it the world's top exporter of heavy REOs, according to broker Ord Minnett.
China is the world's biggest consumer and importer of rare earth ores and compounds, which it uses to produce refined rare earth and magnets, industries it dominates.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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