China hits a JACKPOT as Xi Jinping makes Myanmar a mining hub for…, India, US and UK could soon become…

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China increased its imports of rare minerals from Myanmar by 70% in the first half of 2023, according to Chinese customs data.

New Delhi:China is reportedly stockpiling rare minerals from Myanmar, which would soon position the country as a major supplier of these minerals. According to Chinese customs data, China increased its imports of rare minerals from Myanmar by 70% in the first half of 2023. This strategy may allow China to control the supply chain of rare minerals in the future.

Chinese mining companies are expanding their operations in Burma's Kachin region, rich in rare minerals. Mining activities are particularly concentrated around the towns of Panwa and Chipwe, near China's Yunnan province in the southwest of the country.

According to the US Geological Survey, Myanmar accounted for 11% of total global production of rare minerals in 2023, compared to 68% for China and 12% for the United States. Rare minerals like dysprosium and terbium, used in electric vehicles, are found mainly in Myanmar and China. However, Myanmar does not have the capacity to refine these minerals.

China imports minerals:

Xi Jinping's government imports rare raw minerals from Myanmar and refines them domestically, taking control of the supply of these essential resources. With growing global demand for rare minerals for electric vehicles, electronics and the defense industry, this strategy strongly positions China in the international market.

China's disastrous actions

According to a report by Myanmar's leading media outlet, The Irrawaddy, “Myanmar's transformation into a warehouse for China's rare minerals has been rapid and destructive.” The Kachin region, once renowned for its dense forests and rich biodiversity, now resembles a barren lunar landscape filled with mines. This mining causes serious environmental damage and has a negative impact on the lives of local communities.

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