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The midstream processing stage that converts ore concentrates into usable materials, with China controlling roughly 90% of global rare earth separation and battery-mineral refining.

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The rare earth element powering NdFeB permanent magnets in EV motors, wind turbines and weapons; China controls 91% of global NdPr refining and 94% of magnet output.
·4 takes ·Jul 3

The briefing, by email