Miners urge gov’t aid to challenge China’s rare earth dominance

Mining06-02

Government support for rare earths projects will remain necessary for years as Western countries work to counter China’s long-standing dominance of the sector, industry leaders said at the AFR Mining ...

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href=https://www.mining.com/rare-earth-miners-say-market-needs-govt-support-to-break-chinas-grip/><strong>Mining</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Government support for rare earths projects will remain necessary for years as Western countries work to counter China’s long-standing dominance of the sector, industry leaders said at the AFR Mining ...</p>\n\n<a href=\"https://www.mining.com/rare-earth-miners-say-market-needs-govt-support-to-break-chinas-grip/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4168","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://www.mining.com/rare-earth-miners-say-market-needs-govt-support-to-break-chinas-grip/","article_id":"2640594614","we_media_id":null,"thumbnails":["https://www.mining.com/wp-content/uploads/2026/06/Amanda-Lacaze-AFR-Mining-Summit.jpeg"],"rights":{"source":"mining_highlight","url":"https://www.mining.com/rare-earth-miners-say-market-needs-govt-support-to-break-chinas-grip/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2640594614","pubTimestamp":1780347240,"columns":[],"sourceInfo":{"source_id":"mining_highlight","name":"MINING.COM"},"weMediaInfo":null,"summary":"Industry leaders say US backing for MP Materials reshaped rare earths markets and curbed China's…","collect":0,"end_time":0,"defaultTopTitle":"mining.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4168":"多种金属与采矿","MPG":"2倍做多MP ETF-Leverage Shares","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","MPL":"Defiance Daily Target 2X Long MP ETF","LU0505663152.USD":"abrdn SICAV I - FUTURE MINERALS \"A\" (USD) ACC","REMX":"VanEck Rare Earth and Strategic Metals ETF","BK4588":"碎股","BK4585":"ETF&股票定投概念","MP":"MP Materials Corp."},"translate_title":"矿商敦促政府援助挑战中国稀土主导地位","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MPL":0.6,"MP":1,"MPG":0.6,"REMX":1.5},"content_text":"Government support for rare earths projects will remain necessary for years as Western countries work to counter China’s long-standing dominance of the sector, industry leaders said at the AFR Mining Summit in Perth last week.\nThere has been growing debate over state intervention in critical minerals markets, but speakers agreed rare earths remain a special case because of decades of market distortion driven by Chinese supply and pricing influence.\n“The rare earths market has been a distorted market for decades, and so the government intervention that we have seen by the US, Japanese and Australian governments actually is more about correcting that dysfunction,” outgoing Lynas Rare Earths (ASX: LYC) CEO and newly appointed Minerals Council of Australia chair Amanda Lacaze said. “Government participation in addressing this dysfunction is ultimately good for the market.”\nThe comments highlight how governments are increasingly shaping critical minerals supply chains as Western nations seek to build alternative sources of strategic materials used in electric vehicles, defence systems and advanced manufacturing.\nFloor prices a game changer\nArafura Rare Earths (ASX: ARU) managing director Darryl Cuzzubbo credited the US government’s investment in MP Materials (NYSE: MP) and the introduction of a rare earths floor price with accelerating the sector’s development outside China.\n“But they’re kind of learning as they go, so it’s a bit of a wild ride,” he said. “Without that US leadership, I’m not sure we’d be in the sort of fast-paced transition that we are in.”\nBank of America head of natural resources equity research Australia Kate McCutcheon said floor prices had removed China’s incentive to flood the market and drive down prices.\n“When we have really big markets like steel or iron, we can use tools like tariffs, which is what we’ve seen in the US and Europe, to decouple that supply chain,” she said.\n“Whereas, in smaller markets like rare earths, what we’ve seen is money really helps that problem, and we’ve seen those floor prices have actually forced that China price in line with the ex-China price for rare earths.\n“So, in the fullness of time, will government support be needed? It’s here for the foreseeable future.”\nBlackRock portfolio manager Olivia Markham said government involvement extended beyond direct funding to permitting, infrastructure and maintaining stable fiscal regimes.\n“Governments are getting much more involved in this entire space,” she said.\nThe risk\nRowena Smith, CEO of Australian Strategic Materials (ASX: ASM), currently subject to a $300 million takeover by Energy Fuels (TSX: EFR), that government support should be reserved for projects capable of standing on their own commercially.\n“You don’t want to subsidize a project that’s never going to be economic to operate,” she said.\nCuzzubbo agreed intervention was needed to address market failures but warned against creating permanent support mechanisms that distort competition.\nLast month, Arafura approved development of its $1.9 billion Nolans rare earths project in the Northern Territory, backed by financing from nine lenders across five countries, most of them government-backed institutions.\n“Can you imagine a world where everyone gets a floor price? That is not a functioning market,” Cuzzubbo said. “If everyone gets a floor price, then uneconomic projects will get up.\n“You will then flood the market, you’ll push down real prices, and government’s picking up the tab, so the floor price was absolutely essential to circumvent China, but it is not the long-term answer.”\nThe debate underscores a broader challenge facing governments and industry alike: supporting the emergence of independent rare earths supply chains without creating permanent market distortions. As new projects move toward production, participants increasingly see transparent and liquid pricing mechanisms as the eventual path to a self-sustaining market.\nCuzzubbo and Smith both endorsed the development of independent pricing indices, although they said greater trading volumes would be required to make them credible. In the meantime, Smith argued temporary measures such as floor prices remain necessary to support a growing but still fragile industry.\n“We need some sort of scaffold in the interim, and I think floor prices have played an important role,” she said. “We’ve got to be pragmatic about how high this floor price is.\n“Again, this comes back to we can’t be supporting and subsidizing projects that are not inherently economic as we establish this emerging alternate supply chain, but for us, we’re excited because that market, whilst it’s small, is growing.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640594614","isCrawlerRequest":true}