China's imports of rare earths from neighbouring Myanmar slowed to a trickle in August, Chinese customs data showed on Monday, as the closure of a key border crossing to contain the spread of the coronavirus impeded shipments.
The disruption could have a knock-on effect on manufacturers of rare earth magnets used in electric vehicles and wind turbines and has already pushed up prices for key magnet inputs such as terbium and dysprosium. "The situation has yet to see any improvement, suggesting it is unlikely the border will reopen in the short term," Roskill analyst Leslie Liang said on a Sept. 15 webinar, adding that this meant China was unable to ship chemicals to help with ore dressing in Myanmar or import rare earth compounds.
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