Reported 2 days ago
China's recent decision to limit exports of rare earth metals, which are essential for electronics and automotive industries, has raised concerns among global manufacturers. China produces approximately 60% of the world's rare earth elements and controls 90% of related magnets, utilizing strict quotas and processes. The measures include requiring exporters to obtain licenses, leading to potential production delays in sectors reliant on these materials. While China claims the controls are not discriminatory, they are being closely monitored amidst rising international trade tensions.
Source: YAHOO