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News brief

China moved to strengthen grip on rare earth industry.

Beijing on Thursday announced an expansion of export controls on rare earths. China produces about 90 percent of the critical minerals vital for making everything from jet engines and cars to smartphones 鈥 leverage it uses in trade talks. The Commerce Ministry, citing national security concerns, said it will require foreign suppliers to obtain export licenses to export rare earths and related technologies originating in China. Exports for military use will 鈥渋n principle鈥 not be approved, and those related to AI or semiconductor manufacturing will be reviewed case by case, it said.

Staff -

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