China’s Need For US Chemicals Greater Than US Need For Rare Earths US petrochemical producers may have found themselves on the front line of global trade wars, BNEF reports, with China’s dependence on the US for feedstocks (see “Chinese Plastics Factories Face Mass Closure As US Ethane Supply Evaporates”) blunting the impact of its dominations of exports of rare earth metals. China imported more than 565,000 barrels per day of petrochemical feedstocks from the US in 2024 according to the Energy Information Administration, with a value of over $4.7 billion. That dwarfed the $170 million of rare earths the US imported last year,… — Continue at ZeroHedge News : Read More
