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China seeks to diversify EV rare earths supply

China's Chinalco Guangxi has signed an MoU for up to 42,000 tonnes per annum of rare earths from Hong Kong-based commodity trader Talaxis, which owns a 49% stake in Mkango's Songwe Hill project in Malawi, as part of China's push to secure resources for EVs.

China seeks to diversify EV rare earths supply China seeks to diversify EV rare earths supply China seeks to diversify EV rare earths supply China seeks to diversify EV rare earths supply China seeks to diversify EV rare earths supply

China's state-owned Chinalco Guangxi MoU with Talaxis could see China import rare earths from Malawi, pictured

"This agreement… has the potential to diversify our supply of rare earth products," said Chinese state-owned aluminium company Chinalco Guangxi.