Bad News for China: Rare Earth Elements Aren’t That Rare

As the trade war between China and the United States continues to escalate, Beijing is responding by turning to one of its favorite retaliation tactics: limiting the export of critical minerals used in many high-tech electronics, from fighter jets to wind turbines. While China’s mineral restrictions may sound scary, the reality is that they haven’t been very effective in the past and stand to become even less so if the US and other countries finally get their acts together. It all started in July 2023, when the Chinese government announced it would restrict the export of gallium and germanium, two critical minerals that are mostly used in making solar panels and semiconductors. Over the following two years, China’s list of controlled products expanded to include antimony, graphite, and other materials. Earlier this month, the Chinese government escalated things even further, subjecting seven rare earth elements to a more comprehensive export licensing program that covers the whole wor ... Read full article.