China is preparing to impose new restrictions on the export of rare earth materials and related technologies, escalating a global competition for critical minerals used in chips, EVs, and defense applications.
Officials cited “national security concerns” but provided few details, prompting industry fears of further disruption in supply chains already strained by geopolitical tension. Analysts believe the move is designed to counter Western export controls on advanced semiconductors.
The rare earth sector has become an invisible battlefield of modern economics — where scarcity, rather than abundance, defines power.
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Sources
SCMP, Reuters, Bloomberg, China Daily
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