Comment on China has stopped exporting rare earths to everyone, not just the U.S., cutting off critical materials for tech, autos, aerospace, and defense

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Duamerthrax@lemmy.world ⁨2⁩ ⁨days⁩ ago

They’ve been buying up and hording rare earth metals for years to secure their own manufacture and as a form of soft power.

From 2011:

That’s because China now controls over 95% of the world’s supplies of rare earth metals, and has placed curbs on rare earth exports, creating a resource stranglehold. China slashed export quotas by 72% in the second half of last year, and imposed a further 35% cut in the first half of 2011 from the year-ago level. As a result prices for some rare earths have jumped more than 1,000%.

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