China’s export curbs on rare-earth elements put multiple US industries at risk

China's export controls on rare-earth materials show determination to safeguard national security: industry group

The China Nonferrous Metals Industry Association (CNIA) voiced strong support on Sunday for the country's recent decision to strengthen export controls on rare-earth materials, saying that the move demonstrated the country's determination to safeguard national security and Chinese rare-earth enterprises will strictly comply with the measures.

Rare earths become a diplomatic weapon and a new form of colonialism. Just think of the Democratic Republic of Congo, which holds more than half of the world's reserves of cobalt, used in electric vehicles and aeronautics.

China Says Rare Earth Export Curb Won’t Hurt Global Supply Chain

China says that its export controls on rare earths will not affect the stability of the international supply chain, according to a statement from the China Nonferrous Metals Industry Association on Sunday.

“We will take countermeasures to safeguard our rights and interests.” China had said it and did it. In the aftermath of Donald Trump's tariffs, Beijing announced a barrage of retaliation: specular tariffs of 34% on all imports from the US, a ban on exports of seven rare earths and suspension of the import of some agricultural and poultry products. Not only that. It has also included 11 US companies on the “list of unreliable entities” banned fro…

China’s export curbs on rare-earth elements put multiple US industries at risk

China accounted for 70% of US imports of rare-earth compounds and metals from 2020 to 2023, the USGS said.

China hits back at US with own tariffs as shares slide

“Investors are afraid of a ‘tit for tat’ trade war situation.”