torsdag 21. januar 2021

China tightens strategic control of rare earths

China moved to tighten control over the rare-earth metals industry in what some experts see as its latest response to the ongoing trade war with the US. The proposed regulations, which include everything from mining to exports, was announced by the Ministry of Industry and Information Technology (MIIT) last week, The Global Times reported.

An industry watchdog released a draft rare-earth management rule on Friday, which covers quota management of domestic rare-earth production, investment management and supervision. Analysts said it is likely a sign that China is determined to standardize management of the rare-earth industry, promote high-quality development and tighten control over strategic resources.