Chinese rare earth processor Shenghe sees little impact from halt to US feedstock imports
ReutersApr 20, 2025 9:15 AM
BEIJING, April 20 (Reuters) - China's Shenghe Resources 600392.SS said on Sunday the suspension of shipments of rare earth raw concentrate from its U.S. partner will not significantly impact production due to the company's diversified supply chain.
MP Materials MP.N, which owns the only U.S. rare earths mine, said on Thursday it had stopped shipping the critical minerals to China because of the 125% tariffs Beijing has slapped on U.S. imports in retaliation for U.S. tariffs on Chinese goods imposed by President Donald Trump.
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