China’s rare earth dominance keeps US in a strategic bind
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2don MSN
China pledges to crack down on illicit exports of rare earths, urges US to lift more trade controls
China's Ministry of State Security says it is cracking down on alleged smuggling of rare earths materials that it says threaten national security.
As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.
China accounts for 61% of global mined rare earth production, but its control over the processing stage is much higher at 92% of the global output, according to the International Energy Agency.
Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China October 31, 2010. Picture taken October 31, 2010.
China accounts for 61% of global mined rare earth production, but its control over the processing stage is much higher at 92% of the global output, according to the International Energy Agency.
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