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Myanmar’s military government has urged the United States to step up engagement and investment in its rare-earth mines, describing the country as a priority for U.S. national security and supply chains. Washington, meanwhile, said it was encouraging improvements to the business environment and efforts to achieve peace and stability. The U.S. strategy seeks commercial deals worth at least $5 million—a sum Myanmar considers modest given China’s dominance of the sector and its control of around 90% of global rare-earth magnet production. This comes as Myanmar has been mired in civil war since the 2021 coup and exports most of its heavy rare earths to China.
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