China Bans Export of Rare Earth Processing Tech

[Sparty]

China Bans Export of Rare Earth Processing Tech Over National Security

The main points of the article are:

China is banning the export of rare earth processing technology.

China supplies 90% of the world's refined rare earths.

Rare earths are used in magnets for electric vehicles, wind turbines, and electronics.

The ban is expected to have the biggest impact on the processing of heavy rare earths, which are used in electric vehicle motors, medical devices, and weaponry.

The article discusses China's dominance over the rare earth industry and the challenges faced by Western countries in developing their own processing capabilities.

[Sparty]

https://investornews.com/critical-mi...ts-export-ban/

"China’s recent decision to ban the export of rare earth processing technology marks a significant shift in the global rare earths market. This move, aimed at protecting China’s dominance in the strategic metals sector, encompasses technology for extracting and separating rare earths, as well as the production technology for rare earth metals, alloys, and some magnets. The ban has major implications for industries reliant on these materials, such as electronics, clean energy, and defense."

Read the full article: https://investornews.com/critical-mi...ts-export-ban/