Reported 1 day ago
China's state security agency announced a crackdown on the smuggling of rare earth minerals, citing national security concerns, shortly after easing U.S. firms’ access to these materials. The report indicates that foreign espionage agencies are involved in illicit activities to disguise the origin of the minerals. This move comes amidst ongoing trade tensions with the U.S., as both countries navigate restrictions and permitting processes affecting rare earth exports crucial for various high-tech industries.
Source: YAHOO