Why China’s rare earth export control is key in U.S. trade tensions
Al Jazeera · Just In
Al Jazeera
Just In
Beijing has a virtual monopoly on supply of the critical minerals used to make everything from cars to wind turbines.
Breakdown
- China's rare earths are essential for products like LED lights, smartphones, and military equipment. 22s
- China controls 70% of rare earth mining and 90% of refinement globally. 53s
- New export controls require foreign buyers to obtain licenses and disclose usage plans. 1m 26s
- The U.S. has threatened additional tariffs in response to China's export restrictions. 1m 36s
- Analysts say replacing China's rare earth supply will take years, despite U.S. efforts to find alternatives. 2m 14s