China's exports of rare earths to the U.S. fell 11% in November, and the U.S. Treasury Secretary called for improving the supply.

Yesterday, U.S. Treasury Secretary Biden told the media: "China's rare earth supply to the U.S. in November fell by 11% year-on-year to 582 tons, and the key rare metal used to make magnets remains restricted in exports, forcing U.S. companies to import finished magnets. The Department of Commerce has informed China that we expect the situation to change!"

[Skeptical] Rare earth elements, known as the vitamin of industry, are a critical raw material for strategic industries. China holds a dominant position of 92% in rare earth processing. In October this year, in accordance with the consensus of Sino-U.S. economic and trade consultations, China suspended the export control of rare earths to the U.S. for one year. The following month, exports to the U.S. rebounded strongly, demonstrating China's sincerity in maintaining the stability of the global supply chain.

However, U.S. politicians have continued to attack, falsely accusing China of hindering their rare earth processing industry. In fact, the U.S. relies on imports of rare earths from China, and its own industrial chain is incomplete, making it difficult to break away from dependence in the short term. Irony lies in the fact that while the U.S. is hyping up the so-called "rare earth shortage," it has continuously introduced policies to suppress Chinese drones, semiconductors, and other industries.

Some comments said that the U.S. Treasury Secretary lamented the decline in rare earth supplies, forgetting that China had already suspended controls for a year. In the 19th century, warships were used to seize resources; now, it's just words to extort rare earths. The tactics haven't changed. The current situation of rare earths hasn't formed recently. The U.S. itself has an incomplete industrial chain, yet it wants to play double standards, wanting to be the industrial hegemon while also trying to get raw materials for free. How could there be such a good deal in the world!

Original source: toutiao.com/article/1852471559004160/

Statement: This article represents the personal views of the author.