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A new flashpoint has emerged in the ongoing trade tensions between the United States and China, the world’s two largest economies. This time, the rift can be attributed to Beijing’s decision to tighten export controls for five rare earth materials. Source link
Last month, China’s Ministry of Industry and Information Technology introduced interim measures to tighten controls on ‘rare earth’ mining and processing. The rules are the latest in Beijing’s efforts to centralise oversight of extraction, exports, and refining. While China’s trading partners such as India and the U.S. are seeking alternative sources to reduce dependency, data…
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