China tightens grip over rare earth supply quotas
BANGKOK, Aug. 23 -- China released new interim measures Friday tightening controls on mining and processing of rare earths that are used in many high-tech products including electric vehicles, smartphones and fighter jets.
The rules released Friday by the Ministry of Industry and Information Technology apply both to rare earths originating in China and those that are sent to China for refining.
They require companies to comply with quotas for various minerals. Companies must have government approval to deal with rare earths and must accurately report the amount of rare earths products being handled. Violators will face legal penalties and also have their quotas for rare earths reduced.
The 17 rare earth elements, including such minerals as germanium, gallium and titanium, aren't actually rare. But they're hard to find in a high enough concentration to make mining them worth the investment. China has been gradually tightening restrictions on exports of such materials, partly in response to U.S. controls on its access to American advanced technology. In April, just after U.S. President Donald Trump announced a raft of tariffs on dozens of U.S. trading partners, Beijing announced permitting requirements for seven more rare earths: samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium, citing the need to "better safeguard national security and interests and to fulfill global duties of non-proliferation." AP...
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