According to some reports, China has stopped exporting several rare earth minerals, important for producing certain products in the high-tech, automotive, aerospace and defense industries.
New York Post It has been reported “On April 3, China is no longer exporting seven heavy rare earth metals not only Asian powers but also seven heavy rare earth metals that have been treated only with heavy rare earth magnets.”
According to the outlet, while the suspension of rare earth minerals in China “applies to all countries,” the US technology, automotive and defense industries “access to certain things like dysprosium and yttrium is important.
Although export cessation applies to all countries, access to elements such as Dysprosium and Yttrium is particularly important for the US industry, especially in the technology, electric vehicles, aircraft and defense sectors.
Horn explained to the outlet that China is “blackmailing” to do this.
“The Chinese are threatening this because they basically have that leverage to cut us off and cut off the world.
2019, previous China I was threatened According to the United States, to block rare earth mineral exports Forbes.
Craig Singleton, a senior Chinese fellow at the Democracy Foundation, said New York Post China’s “Rare Earth Play is a card I used before,” he added, adding that it was “overplayed.”
New York Times It has been reported On April 4, China ordered “limits on exports of six heavy rare earth metals that are completely refined in China, 90% of which are produced in China.”
According to the outlet, “metals, and special magnets made of them” can be “shipped from China only with special export licenses”, but the country has “been rarely beginning to set up a system to issue licenses”:
Metals, and special magnets made with them, can now be shipped from China only with special export licenses.
However, China has barely begun setting up a system to issue licenses. It was surprising that this could drag the process among industry executives and lower the current supply of non-China minerals and products.
John Hayward of Breitbart News reported that China has revealed that it will “maintain supply to other planets around the world while limiting US access.”
