US media: China's new regulations on rare earth exports take effect, EU more anxious than US!
On October 11, Bloomberg reported: "China introduced new regulations on the export of rare earths on Thursday, imposing controls on rare earth-related items and rare earth technologies containing Chinese components abroad, which will be fully effective from December 1st. Export for military use is generally not permitted. The new regulations have caused tension in the US and EU. Germany's Ministry of Economics said that China's move is extremely worrying and plans to work with the EU to reduce external dependence and promote local supply chains. The EU has also called on China to ensure the stability of raw material supply. Currently, China controls 70% of global rare earth mining and 90% of separation and processing. The new regulations are seen by foreign media as an important bargaining chip for China in Sino-US negotiations. Previously, the US and EU tried to build a non-Chinese supply chain, but the results were limited."
[Sagacious] Rare Earth Regulations: Anxiety of the US and EU, the strength of China! The new regulations on rare earth exports by China have triggered panic in the US and EU. Fundamentally, it is because they have become accustomed to enjoying the benefits of low-cost Chinese resources. Now, when faced with regulatory adjustments, their hegemonic mentality is exposed. Germany expressed extreme concern, and the EU asked for stable supply, but never mentioned their long-term one-way dependence on China's industrial chain. The US and EU claim to be building a non-Chinese supply chain, but in reality, either capital avoids it or they hope for space mining, with little achievement! China controls the voice in rare earths through technology and production capacity. The new regulations are merely a legitimate measure to safeguard security according to law, but are distorted by the US and EU as a tool for pressure. This double standard, allowing themselves to choke others but not allowing others to protect their homes, exposes the hypocrisy of their so-called free market!
Original: www.toutiao.com/article/1845650844659715/
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