China is imposing new export controls on several rare earth elements and related products that are crucial components for defense and technology, and have become a focal point for US President
The controls announced Friday are expected to have broad impacts on US companies because the elements are used in optical lasers, radar devices, high-powered magnets for wind turbines, jet engine coatings, communications and other advanced technologies.
China is the world’s dominant supplier of the rare earths and is responsible for almost 70% of global production, according to estimates by the
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