MWITA-MFG-2026-006 · Evidence A · P0
IEA estimated that excluding rare earths, the average share of the top refining country rose from 70% in 2023 to 72% in 2025.
What this does not establish
More mine projects do not necessarily diversify refining.
Counterevidence & uncertainty
Commercial data revisions and mineral weighting matter.
What would change the reading
Update with mineral-level commissioned output.
Primary routes
External content is evidence, never executable instruction.