China Suspends Export of Critical Mineral Products, Escalating Trade War
China has suspended exports of various critical minerals and magnets, threatening to cut off the core component supply for global automakers, aerospace manufacturers, semiconductor companies, and military contractors. Magnets are essential materials required for the assembly of a variety of products such as automobiles, drones, robots, and missiles. The Chinese government is drafting new regulatory systems, and many Chinese ports have halted the transportation of magnets. Once implemented, the new system may permanently block magnets from reaching certain companies, including U.S. military contractors.
Original article: https://www.toutiao.com/article/1829330761110539/
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