China, the top rare earth supplier, updated regulations to oversee mining and processing of crucial minerals for the energy transition. The new rules include imported raw materials in the existing quota system and reinforce China’s control over the rare earth supply chain, impacting industries like EVs and electronics.

China discreetly issued its 2025 rare earth mining and smelting quotas in July, delaying their release due to incorporating imported ore into the quota system. This move faced opposition from companies reliant on imports for raw materials, highlighting the challenges in managing the rare earth industry.

Russia’s exports of precious metals to China surged by 80% to $1bn in the first half of the year, driven by an 28% increase in gold prices due to geopolitical risks, trade tensions, and central bank investments. The rise in exports aligns with China’s efforts to secure essential resources for its industries and economy.

Read more at Yahoo Finance: China introduces new regulations for rare earth supply quotas