China has announced a procedure for the smuggling of critical minerals and only comes a day before the trade talks with the USA, in which rare earth restrictions could be on the table.
The Chinese authorities-a meeting in the southern port city of Shenzhen on Friday. According to an official advertisement, the agencies have obliged to improve export controls in strategic mineral resources.
Officials of the meeting stated that China carried out export controls for critical minerals such as gallium, germanium, antimony, tungsten and medium and severe rare earths. Some overseas units have worked with domestic actors and continuously updated their smuggling methods to remove the enforcement. You did not indicate which countries was involved.
China is currently dominating global care with many critical minerals and has an almost monopoly for the rare debranche. It serves as a worldwide leading miner, refiner and producer of rare earth magnet-essential components in a number of military and civilian technologies, including electric vehicles.
Beijing has tightened its control over the export of critical minerals and related technologies in recent years and applied such measures to retaliate against US trade restrictions.
In December, Beijing reacted in December after the access of China's access to advanced memory of artificial intelligence was kept of crucial importance for the applications of artificial intelligence by banning the export of gallium, germanium, antimon and several other ultra -low materials to the USA.
In the retaliation of President Trump's “Liberation Day” tariffs, which was announced in April, Beijing imposed new export controls for rare earth metals that are required for advanced defense systems such as rocket defense platforms, attack sub-boats and F-35 jets.
While the US government has taken steps to reduce the dependence on China to reduce the construction of new lesser rarer, processing and magnetic manufacturing facilities, the program was slow. The United States remains heavily dependent on Chinese rare earths. This dependence is made in countries such as Ukraine and Greenland due to the aggressive move of the Trump government to more access to critical minerals-in one thing nickel, lithium, cobalt and graphite underlines.
Analysts assume
With high-ranking officials from the two largest economies in the world that are made in Switzerland this weekend, all eyes are suitable for whether the two sides can reach an agreement on rare Earth aid measures for the United States in addition to potential tariffs.
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(End) Dow Jones Newswire
May 09, 2025 05:45 ET (09:45 GMT)
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