July 15, 2024

AndronETalksNews

AndronETalksNews

China Creates New State-Owned Mining Giant To Tighten Control Of Rare Earth Supplies

Zero Hedge

By Tyler Durden – December 3, 2021

Now that aggressive foreign policy toward China has attracted bipartisan consensus, evidenced by the fact that President Biden has opted to keep certain tariffs imposed by the Trump Administration in place, Beijing is looking for new ways to squeeze Washington. For years now, we have been warning about the risk of China cutting off supplies of 17 rare earth metals critical for the production of tech gadgets.

Earlier this year, we reported that Beijing was keeping a rare-earth export ban in its “back pocket”. Now, it appears the CCP is moving to tighten state control over rare earth production so that they might more easily control who gets the metals.

Read more…