China's dominance in the supply of rare earth elements, critical for modern manufacturing, has influenced recent trade negotiations with the U.S. Following tariffs imposed by President Trump, China restricted exports on seven rare earths, intensifying global supply challenges. A 90-day truce was established to ease tensions, but accusations from Washington about slow export rate adjustments posed risks. A new agreement promises upfront rare earth supply, though specifics remain unclear. China's control over about 70% of global rare earth mining and 90% processing highlights its vital role in sectors like automotive manufacturing.
Earlier this year, Beijing leveraged its dominance of the sector to hit back at US President Donald Trump's sweeping tariffs, placing export controls on seven rare earths and related products.
The auto industry has become particularly reliant on rare-earth magnets for steering systems, engines, brakes and many other parts.
China has long dominated the mining and processing of rare earth minerals, as well as the production of related components like rare earth magnets.
China also maintains near-total control over the supply of heavy rare earths, including dysprosium and terbium.
Collection
[
|
...
]