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BRICS To Discuss Rare Earth Supply & Exports at 2025 Summit
The BRICS alliance will place rare earth elements (REEs) front and center at its upcoming 17th summit, scheduled for July 6–7, 2025, in Rio de Janeiro, Brazil. For the first time, the 10-member bloc will be joined by 14 partner countries to engage in a pivotal dialogue on the future of global trade, currency settlements, and strategic resource management.
China Controls the Global REE Chain
BRICS member China currently dominates the rare earth sector, controlling:
- 70% of the global REE supply, and
- 90% of the world’s refining and processing capacity.
In a bold move this year, China imposed export curbs on rare earth magnets on April 4, 2025, in direct response to U.S. tariffs imposed under President Trump.
The freeze on global supplies has significantly tightened REE markets, sparking growing international demand — and positioning China as the most influential voice heading into the BRICS summit.
Strategic Talks to Rewrite Rare Earth Trade Framework
Brazil’s BRICS Ambassador Kenneth Nobrega confirmed the summit will include REE discussions, led by China. He emphasized:
“You have to be mindful that BRICS countries together contribute a huge chunk to the world’s REEs. This has to be discussed because this is a result of trade tensions not created by BRICS countries.”
While formal negotiations have not yet begun, the talks signal BRICS’ growing strategic influence over critical global supply chains, particularly as the alliance expands its coordination across trade, energy, and currency systems.
U.S. Faces Strategic Setback Amid Trade Wars
With BRICS already controlling 42% of the world’s oil and gas, the bloc’s influence over 70% of rare earth exports underscores a major geopolitical shift. China’s expected leadership at the summit aims to empower member nations to trade REEs without relying on U.S.-centric systems — potentially deepening the global divide over trade norms.
The United States, already impacted by export freezes and retaliatory tariffs, now risks falling behind in the rare earth supply race — a sector crucial for defense, electronics, EVs, and renewable energy.
As tensions rise, the Rio summit could redefine the global power balance over the minerals that power the modern world.
@ Newshounds News™
Source: Watcher.Guru
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