REE, Critical Metals Demand Surging as Western Nations Race to Secure Alternatives
This MiningNewsWire editorial profiles the Western rare earth supply race, centered on Greenland Mines' (GRML) application to more than double its Sarfartoq footprint in West Greenland. Critical Metals Corp (CRML) appears in a sector roundup: it has been shortlisted to proceed to the next stage of Kenya's competitive tender for the Mrima Hill rare earth and niobium project. Mrima Hill is described as one of the most significant undeveloped rare earth and niobium deposits globally, with coastal access to the Port of Mombasa; the shortlisting is a non-binding early-stage milestone.
Key figures
- China mined share 2024
- 60%
- China refined share 2024
- 91%
- Magnet rare earth demand growth
- doubled since 2015, +~1/3 by 2030
AI analysis
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