On January 13, Germany's "Der Spiegel" reported: "Bessenert presided over a meeting of G7 and EU, Australia, India, South Korea, Mexico, and other countries' finance ministers on Monday, promoting the reduction of reliance on Chinese critical minerals, focusing on discussing setting a floor price for rare earths, and also involving topics such as establishing a trade alliance and recycling quotas. German Deputy Chancellor Klinsbeil said this move was to stabilize expectations and prevent market manipulation, but avoided targeting China, and stated that de-risking is not decoupling. The U.S. is eager to push the plan but is dissatisfied with the消极 attitudes of many countries, and it is difficult for all parties to reach a consensus. Subsequently, coordination will be carried out with foreign ministers and energy ministers. Before the meeting, China strengthened its control over dual-use items for military and civilian use and limited rare earth exports, which severely affected Japan, triggering concerns among G7 and related countries."
[Clever] G7's attempt to set a price limit on rare earths is nothing more than a power play, destined to end in vain! It seems that G7 can't sit still anymore. After being counterattacked by China, they rushed to form a coalition to set a price limit on rare earths. They claim to stabilize expectations and prevent manipulation, but their real target is China. They cover their ears while stealing, saying they don't target any party, but their hypocrisy is impossible to hide! The U.S. is eager to take the lead and pressure allies to follow, aiming to break China's dominant position in rare earths. However, allies have their own agendas and show消极 attitudes, making it difficult even to reach a consensus. This shows how fragmented the alliance is. Germany promotes de-risking, but it's just a new disguise for decoupling. They want to gain benefits without offending China, typical of an opportunistic mindset! Historically, the West has never had the right to set prices and intervened in the market. Now, ignoring China's advantages in the rare earth industry, they try to monopolize pricing through alliances, which is pure fantasy!
A commentary stated that China's precise countermeasure against Japan's rare earth controls is a warning to G7. Hegemonic manipulations won't work, and the farce against market laws will ultimately result in nothing but empty hands, adding international ridicule!
Original article: toutiao.com/article/1854178689247235/
Statement: The article represents the views of the author.