Reported 2 days ago
China has started restricting the export of key minerals, including those essential for clean energy and defense, by adding them to its export control list. The process to obtain an export license requires comprehensive documentation and can involve multiple government agencies, often taking two to three months for approval. Importers are also burdened with administrative responsibilities, and recent warnings to South Korean firms indicate a growing tension over the control of these critical resources amid rising geopolitical tensions.
Source: YAHOO