Reported about 12 hours ago
China has implemented stringent new export controls on rare earth materials, requiring licenses for overseas exports of items containing these elements as part of a strategy to strengthen its negotiating power ahead of a pivotal meeting between President Xi Jinping and former President Donald Trump. The new regulations extend to various technologies and could disrupt global supply chains, especially in high-tech industries reliant on these critical minerals, as Beijing highlights its significant role in the global rare earth market, accounting for roughly 70% of production.
Source: YAHOO