China’s Export Curbs Spur Rare Earth Scramble

Graph via Bloomberg

China’s announcement last week that exports of refined rare earth minerals, permanent magnets using these elements, and the equipment used to refine them, has sparked panic among the countries that depend on these exports for high-technology products, including weapons and wind turbines.

China controls 70% of rare earth reserves and 90% of processing.

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by CGSP Staff

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