Rare Earth Elements Defined
According to Modern Diplomacy, rare earth elements (REEs) consist of 17 metallic elements. The publication states these materials are essential for electronics and electric vehicle (EV) production.
Geopolitical Context
The article published on June 20, 2026, reports that the geopolitical spotlight on rare earths has increased due to war-induced energy shocks. Modern Diplomacy also cites the perennial urgency of decarbonisation as a factor driving this attention.
China's Market Position
The source text states that China holds 60% of global REE production capacity. According to Modern Diplomacy, China possesses nearly 90% of processing capacity for these elements.
Asean Cooperation Framework
Modern Diplomacy suggests ASEAN can deepen cooperation within this framework. The provided text does not detail specific strategies or outcomes regarding how the association intends to implement such measures.