Arafura warns of rare earth risks for Germany and Korea
Arafura says Germany and South Korea face rare earth shortages as the US and Japan lock in supply. The firm seeks final deals for its Australian project.
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Industrial powerhouses Germany and South Korea are facing significant exposure to potential rare earth shortages as the United States and Japan act rapidly to lock in available supplies. According to Darryl Cuzzubbo, CEO of Arafura Rare Earths, the race to secure these critical minerals has intensified following export restrictions implemented by China last year, which impacted the global automotive and defense sectors.
