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2024

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02

China bans rare earth exports, US and Japan cry out no way, Trump comes up with it, China acts immediately

Data map: A recent meeting of the Rare Earth Office of the Raw Materials Industry Department of the Ministry of Industry and Information Technology of China in domestic rare earth mines showed that China will continue to rectify rare earth violations. The analysis believes that a new round of rare earth "black" operations has been launched, and rare earth prices in the international market have been two consecutive weeks. Rising, an increase of nearly 20%. At the same time, the U.S. President signed an order requiring the United States to end its dependence on foreign key mineral resources. Trump said that dependence on foreign resources has led to the strategic vulnerability of the U.S. economy and military. In the event of conflict, it may face opponents. The embarrassing situation of cutting off supplies. Trump asks U.S. to increase exploitation of indigenous rare earth resources


Data Map: Domestic rare earth mines

A recent meeting of the Rare Earth Office of the Department of Raw Materials Industry of the Ministry of Industry and Information Technology of China showed that China will continue to rectify rare earth violations. The analysis believes that a new round of rare earthThe "crackdown" campaign was launched, and rare earth prices in the international market rose for two consecutive weeks, an increase of nearly 20%.

At the same time, the U.S. President signed an order requiring the United States to end its dependence on foreign key mineral resources. Trump said that dependence on foreign resources has led to the strategic vulnerability of the U.S. economy and military. In the event of conflict, it may face opponents. The embarrassing situation of cutting off supplies. Trump asked the United States to increase the exploitation of local rare earth resources. British media said that because China controls the global supply of rare earths, the United States' move is aimed at China.

Data Map: The chaos of indiscriminate exploitation of rare earths

British media said that although Trump did not name China, China currently dominates global rare earth production and industrial processing.The "rare earth defense war" began in 2010, which has put an end to the chaos of indiscriminate exploitation of rare earths in China. Previously, although China was the largest supplier of rare earths, due to mixed enterprise management, Western and Japanese enterprises formed an alliance to manipulate the price of rare earths, resulting in a large number of rare earths being sold to Japanese and Western enterprises at cheap prices considered by the Chinese. After China began to rectify, western and Japanese companies have also allied to try to manipulate rare earth prices again, and China has successfully defeated their conspiracy.

Now, China's continued high-handed management of the facts in this field, Western and Japanese companies are unlikely to buy the rare earth resources they need at low prices as before. From the current results, thisChina won the "rare earth war" without gunpowder for seven years. Although China sold a lot of rare earths cheaply and damaged the environment, it controlled the situation in time.

Data Map: Domestic rare earth mining phenomenon

Americans are well aware of the risks in the supply of rare earths, especially the many existing high-tech military projects. Rare earths are an indispensable resource. U.S. Secretary of the Interior Zinke, who was once the commander of the U.S. Army and the Geological Institute, said: Relying on resources from foreign sources to meet the needs of the U.S. military would pose a very significant national security risk.

It was against this backdrop that Trump signed"Key minerals" order, the Americans began to act to find the corresponding rare earth resources. Interestingly, a consortium led by China is seeking to restart California's North American largest rare earth market. It seems that the Chinese are also happy with Trump's decision, and the United States also needs Chinese capital, technology and experience to mine "key minerals.

Source: magnet manufacturers Youlian Magnetic Industrywww.youliancy.com


 

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