Reported 12 months ago
The United States is attempting to reduce its reliance on Chinese rare earth metals, crucial for electric vehicles (EV) and weapons like missiles, but still relies on China for refining processes. China has declared rare earth metals as state-owned resources, with new management regulations effective from October 1st to enhance control over the supply chain in response to the U.S. blockade on Chinese semiconductors. The regulations aim to safeguard national resources and industries while enhancing control over the entire supply chain and promoting domestic technological innovation.
Source: YAHOO