China has stopped exporting several rare earth minerals that are crucial to make certain products in technological, automobile, aerospace and defense industries, according to several reports.
He New York Post He informed that “as of April 3, China no longer exports seven heavy rare earth metals exclusively processed in Asian power, as well as heavy rare earth magnets.”
According to the exit, while the China part of rare earth minerals “applies to all countries”, access to certain things such as “Disposium and Yttrium are critical” in technological, automobile and defense industries in the United States:
Export arrest is applied to all countries, but access to elements such as Disposio and Ittrium are critical for the American industry, especially in technology sectors, electric vehicles, airplanes and defense, according to Drew Horn, who served as the best official of the United States in strategic minerals and development of the energy supply chain in the first administration of the President Trump.
Horn explained to the departure that China has “leg threats” to do this because they have “leverage” to cut the United States and the rest of the world.
“The Chinese have been threatening this because they have that leverage to cut us basically and cut the world, which essentially interrupted us through all kinds of different media, and now they,” said Horn.
In 2019, China had previously threatened to cut mineral exports from rare earths to the United States, according to Forbes.
Craig Singleton, a member of the main China of the Foundation for the Defense of Democracies explained to the New York Post That the “Rare Earth game of China is a letter they have used before”, adding that it was “exceeded.”
He New York Times He informed that on April 4, China “ordered the export restrictions of six heavy terrestrial metals, which are completely refined in China, as well as rare earth magnets, 90 percent or that occur in China.”
According to the output, while “special metals and magnets made with them” can “be sent from China only with special export licenses”, the country “has barely begun to establish a system to issue licenses”:
Metals and special magnets made with the theme can now be sent from China only with special export licenses.
But China has barely begun to establish a system to issue licenses. That has caused consternation among industry executives that the process could drag and that the current supplies of minerals and products outside China could be low.
John Hayward, from Breitbart News, reported that China had revealed that “it would maintain its supply of foreign lands for the rest of the world while limiting the access of the United States.”
