Caixin
Dec 22, 2023 05:31 AM
BUSINESS

China Bans Export of Rare-Earth Processing Technologies

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Over the past three decades, China has built a dominant role in mining and refining rare earths
Over the past three decades, China has built a dominant role in mining and refining rare earths

(Bloomberg) — China will halt the export of a range of rare-earth technologies, potentially making it harder for the United States and other Western nations to secure supplies of strategic raw materials.

Beijing put technology for making rare-earth metals and rare-earth magnets on a list of items that cannot be transferred overseas, according to a document from the Ministry of Commerce. The move by the world’s dominant supplier of the minerals comes as its geopolitical rivals rush to cut reliance on materials produced in China.

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