IAE Says $60B Needed to Break China's Rare Earth Grip

International Energy Agency warns rare earth supply diversification lags rising global demand

Report says demand for magnet rare earths doubled since 2015, set to rise more than 30% by 2030

New projects, partnerships and policies are needed to address supply chain risks for rare earth elements

New IEA report highlights growing mismatch between accelerating use of rare earths across a wide range of technologies and slow pace of supply diversification globally

Infographic: Where Are the World’s Rare Earths?

This chart shows the countries with the largest known rare earth reserves in 2026.

How China Dominates The World’s Critical Minerals Production

By Kyle McCollum via The Daily Signal | April 07, 2026 Critical minerals are mined all over the world but the majority of the supply ends up passing through China. For a broad range of key metals and minerals, China is either the largest miner, the dominant refiner, or both. This is true for rare earths, lithium, cobalt, graphite, nickel, and many other metals and minerals that are essential to defense, energy and high-tech applications. It is l…

IEA: Demand for rare earth metals surges while supply lags behind

Demand for rare earth metals is rapidly increasing, but production and supply are unable to fully meet this growth, APA-Economics reports, citing the International Energy Agency’s (IEA) report titled “Rare Earth Elements: Pathways to Secure and Diversified Supply Chains

Rare earths need financing overhaul as China threat looms: IEA

Chinese export controls on rare earth elements could hit economic activity in the US and Europe by US$3tn, yet limited access to financing and market volatility are holding back investment in diversifying supply.  Demand for rare earths is projected to increase by 50% by 2035, driven by the development of electric vehicles and a range…