MWITA-CRM-2026-018 · Evidence B · P1
IEA reports the leading supplier's rare-earth refining share fell from above 90% in 2023 to 85% in 2025 as US projects and Malaysian output increased.
Counterevidence & uncertainty
85% remains highly concentrated; refining does not equal separated oxides, metals or magnet capacity.
What would change the reading
Update with 2026 production.
Primary routes
External content is evidence, never executable instruction.