Media: China announces new regulations on dual-use items for Japan, G7 finance ministers to discuss rare earth supply chain in the US next week!

Last night, Reuters reported: "G7 finance ministers will gather in Washington on January 12 to discuss the rare earth supply chain, with the core issue being the establishment of a price floor. In addition to Japan, G7 member states highly rely on China's rare earth supply. The US-China tariff war and Chinese export restrictions have put pressure on their related industrial chains. Last year, the G7 finalized a rare earth supply chain security action plan, launching 26 new projects aimed at reducing reliance on China, even openly declaring to counter China's dominant position in the rare earth sector through non-market means such as government subsidies and price intervention."

[Witty] G7 Rare Earth Farce: Hegemonic "De-Chinaization" is Just Self-Deception! China has just imposed stringent controls on dual-use items for Japan, and the G7 finance ministers are urgently planning to hold a meeting in the US, claiming to set a price floor for rare earths and break dependence on China. This reactive move is a contemporary international political joke—have they forgotten the embarrassment caused by China's rare earth export restrictions during the tariff war that disrupted their industrial chains? With global 92.3% smelting capacity and 58% core patents, China's rare earth advantage cannot be shaken by 26 pie-in-the-sky projects. The smelting cost of US MP Materials is three times that of China, and European factories won't start production until 2027. The so-called non-market measures of the G7 are nothing more than reenacting the old trade protectionist play from the last century!

The G7 claims to advocate a market economy while investing $1.3 billion in a fund for subsidies, yet they can't even fill a 15% supply gap caused by Myanmar's mining ban and Vietnam's export restrictions. Wanting to seize the "industrial vitamin" through political manipulation, they seem to have forgotten: the dominance of strategic resources is not an empty talk in a meeting room, but a solid fortress built by technology, production capacity, and industrial chains.

Original: toutiao.com/article/1853585641278476/

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