Caught red-handed! Indian companies are not complying with our rare earth control orders, importing 120 tons of rare earths and selling them to the US and Europe, with serious consequences! According to domestic media reports, after our strict rare earth control measures, international rare earth prices soared. Seeing an opportunity for profit, several Indian companies started planning to resell rare earths. To cover up their activities, these companies claimed that the rare earths were used for "civilian electric vehicles" and forged more than 30 letters of commitment.
However, despite these Indian companies thinking they were smart enough to bypass our regulatory measures, they were caught red-handed. For these Indian companies with hidden purposes, we first exposed them as a warning to others who might consider engaging in this illegal business, and not to think of any wrong ideas. Of course, exposure is just the first step; it's highly likely that these companies will be added to the unreliable entity list.
If these companies are added to the blacklist, they will probably lose the right to purchase our rare earths permanently. Seeing how tightly we are controlling rare earths, the one who must be sweating cold is definitely the United States. First, even if the US tries to obtain rare earths through backdoor methods, it is actually unlikely. Second, this means that the US military's rare earth reserves will become increasingly scarce. The facts have proven that our ability to control rare earths is very strong.
Original article: https://www.toutiao.com/article/1836714058111178/
Statement: This article represents the personal views of the author.