EU rare earth imports drop 30% in 2024

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.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Baton Rouge Post.

More Information

null in null

Business

Section

Vietnam to crack down on rerouted Chinese goods to avoid US tariffs

Facing Trump tariffs, Vietnam eyes crackdown on some China trade

HANOI, Vietnam: Vietnam is preparing a series of trade enforcement measures as it scrambles to shield itself from sweeping U.S. tariffs,...

AI boom drives TSMC revenue to record highs

TSMC's first-quarter revenue surges 42 percent, slightly ahead of forecasts

TAIPEI, TAIWAN: A strong push from artificial intelligence demand lifted TSMC's quarterly revenue to new highs, with the chipmaker...

Aurora's driverless trucks to tackle tough weather post Texas launch

Aurora plans self-driving trucks in harsh weather after launch

PITTSBURGH, Pennsylvania: Aurora Innovation says its driverless trucks will eventually be equipped to handle tough weather conditions,...

US Treasury to ease regulatory burden on small banks

Bessent says US Treasury to take stronger role in bank regulation

WASHINGTON, D.C.: The U.S. Treasury will step more firmly into bank regulation to ensure better balance and less burdensome oversight,...

White House Plans New Push to Boost US coal amid AI energy surge

Bloomberg: Trump order looks to tap coal for powering data centers

WASHINGTON, D.C.: The White House is preparing a new directive aimed at reviving domestic coal production as energy demands surge from...

Universal plans major theme park north of London

Universal to open first British theme park near London

LONDON, UK: Universal is setting its sights on Britain as the next destination for its global theme park expansion, marking a major...

World

Section