US EditionChina’s Rare Earth Magnets Exports Slump as Market Fears Crunch
China enforces export controls on rare earths crucial for tech and defense, with exports dropping 6.1% in September, aiming to counter U.S. trade restrictions and protect national security.
- China announced it will require foreign firms to obtain government approval for exporting magnets containing China-originated rare earth materials, according to Jamieson Greer, the U.S. trade representative.
- Chinese controls on rare earth exports have escalated tensions with the U.S., as both countries face economic vulnerabilities and interdependence.
- China's controls disrupt industries reliant on high-performance magnets, causing increased costs for businesses and families as various sectors navigate supply chain challenges.
- Experts warn that the escalating trade conflict between China and the U.S. risks creating a volatility tax on economic activities, underscoring the dangers of using supply chains as weapons.
44 Articles
44 Articles
China’s Rare Earth Curbs Threaten Europe’s Defense, Economy: Experts
China’s latest rare earth export curbs could severely disrupt Europe’s defense and economic sectors, experts warn, with calls mounting for concrete EU-U.S. cooperation to counter Beijing’s control over these critical minerals. EU industry chief Stephane Sejourne met with affected European businesses on Oct. 20 to discuss Beijing’s rare earth restrictions, according to AFP. The virtual meeting included executives from automotive, defense, wind en…
Goldman Sachs warns China’s rare earth dominance threatens global supply chains
Goldman Sachs flagged mounting risks to global supply chains of rare earths and other critical minerals, emphasising China's dominance in mining and refining, and outlining challenges for nations seeking to build independent supply chains. China expanded export curbs on rare earths on October 9, adding five new elements and extra scrutiny for semiconductor users ahead of an expected summit of leaders Donald Trump and Xi Jinping. China's supply c…
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