WAM
14 Apr 2025, 16:29 GMT+10
BRUSSELS, 14th April, 2025 (WAM) -- The European Union recorded a significant decline in rare earth imports in 2024, reaching 12,900 tonnes, a decrease of 29.3 percent compared to the previous year.
According to Eurostat, the EU's exports of rare earth elements saw a slight decline of only 0.8 percent, totalling 5,500 tonnes.
Rare earth elements, comprising 17 specialised minerals, are essential for a wide range of high-tech applications and carry significant supply chain risks.
In 2024, China became the EU's largest supplier of rare earth imports, accounting for 6,000 tonnes or 46.3 percent of the total, followed by Russia with 3,700 tonnes or 28.4 percent.
Get a daily dose of Dublin News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Dublin News.
More InformationHANOI, Vietnam: Vietnam is preparing a series of trade enforcement measures as it scrambles to shield itself from sweeping U.S. tariffs,...
TAIPEI, TAIWAN: A strong push from artificial intelligence demand lifted TSMC's quarterly revenue to new highs, with the chipmaker...
PITTSBURGH, Pennsylvania: Aurora Innovation says its driverless trucks will eventually be equipped to handle tough weather conditions,...
WASHINGTON, D.C.: The U.S. Treasury will step more firmly into bank regulation to ensure better balance and less burdensome oversight,...
WASHINGTON, D.C.: The White House is preparing a new directive aimed at reviving domestic coal production as energy demands surge from...
LONDON, UK: Universal is setting its sights on Britain as the next destination for its global theme park expansion, marking a major...
DUBLIN, Ireland: With tariffs from the United States beginning to bite, Irish businesses are already feeling the pressure, prompting...
DUBLIN, Ireland: Debate over Ireland's military neutrality is intensifying as the government faces growing pressure to put the issue...
ATHENS, Greece: As Europe braces for the economic fallout of new U.S. tariffs, a top eurozone official has warned the consequences...
KYIV, Ukraine: Talks between Ukraine and the United States over a critical minerals agreement are set to continue this week, as officials...
Patna (Bihar) [India], April 14 (ANI): Rashtriya Janata Dal (RJD) leader Tejashwi Yadav on Monday said many more people (fugitives)...
New Delhi [India], April 14 (ANI): Foreign Affairs Expert Robinder Sachdev said the UK government's decision to arrest Mehul Choksi,...