China’s Waning Rare Earth Advantage | Digging to China
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In 1992, during a visit to Inner Mongolia, Chinese leader Deng Xiaoping quipped: “The Middle East has oil, China has rare earths,” Rare earths are essential to the manufacturing of everything from light bulbs to smartphones to fighter jets. China indeed has rare earth metals, as well as a preponderance of the world’s rare earth refining operations. As recently as 2010, an estimated 97 percent of rare earths came from China.
According to Financial Times report, In mid February, Chinese officials were investigating whether a ban on exports of certain rare earths could cripple U.S. production of F-35s and other weapons systems. A few days later, Bloomberg reported that Beijing was considering a ban on rare-earth refining technology. on Friday February 19, China announced a 27 percent increase in rare earths production quotas.
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In 1992, during a visit to Inner Mongolia, Chinese leader Deng Xiaoping quipped: “The Middle East has oil, China has rare earths,” Rare earths are essential to the manufacturing of everything from light bulbs to smartphones to fighter jets. China indeed has rare earth metals, as well as a preponderance of the world’s rare earth refining operations. As recently as 2010, an estimated 97 percent of rare earths came from China.
According to Financial Times report, In mid February, Chinese officials were investigating whether a ban on exports of certain rare earths could cripple U.S. production of F-35s and other weapons systems. A few days later, Bloomberg reported that Beijing was considering a ban on rare-earth refining technology. on Friday February 19, China announced a 27 percent increase in rare earths production quotas.
Connect with me:
Email: [email protected]
Twitter: Twitter: Digging2C
Parler: https://parler.com/DonXiang
Telegram Channel: https://t.me/DC2021303
Telegram Group: https://t.me/DC2021301
To subscribe: https://bit.ly/3pxKgoR
3 سال پیش
در تاریخ 1399/12/16 منتشر شده
است.
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