Rare earths are no longer trading on traditional supply and demand fundamentals. According to Adrián Godás Della Ripa, senior analyst at Fastmarkets, geopolitics has become the dominant force shaping prices, investment decisions and the future of global supply chains.
Speaking with the Investing News Network at the Fastmarkets Global Lithium, Battery & Critical Materials conference in Las Vegas, Godás explores China's export controls, the economics of building rare earths projects outside China and why magnet manufacturing, not mining, remains the west's biggest challenge.
He also discusses recycling, government support, vertical integration and how demand from electric vehicles, robotics, wind energy and defense is reshaping the outlook for individual rare earth elements.
This interview was recorded on June 25, 2026.
0:00 - Intro
0:18 - Why rare earths have become a geopolitical market
3:29 - The west's biggest rare earth bottleneck
6:02 - Collaboration versus competition outside China
8:22 - Why investors need to understand individual rare earth elements
14:51 - What makes a rare earths project economically viable?
17:38 - Demand outlook for EVs, robotics, wind energy and defense
20:56 - Could US-China relations reshape the market again?
21:58 - Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.