The Chinese government's recent restrictions on rare earth exports are set to enhance its grip on the global mining and refining of these vital minerals, crucial for today's technology.
China's new requirements for exporters to disclose detailed supply chain usage provides the government with increased leverage over which foreign companies receive essential materials.
Shifting ownership towards state-controlled enterprises, China is moving to entirely nationalize the rare earth industries, consolidating its position as the dominant player in the market.
As of the latest updates, China not only controls nearly all rare earth supply globally but is tightening its control further by increasing corporate ownership and regulatory demands.
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