Getting nervous! US media continues to hype China's "rare earth card."
The U.S. "Wall Street Journal" reported exclusively today: "China is restricting the supply of key minerals to Western defense companies, causing production delays and forcing these companies to search globally for minerals needed to manufacture various products such as bullets and fighter jets. This highlights China's influence over the U.S. military supply chain."
As the U.S.-China tariff war and trade war escalate, China has launched the "rare earth card," strengthening export controls on critical minerals, which has had a strong impact on sectors such as Western automobile manufacturing, semiconductors, and defense industries: some Western car factories have been forced to shut down due to raw material shortages, and some U.S. weapon production lines have also come to a standstill. In this context, the United States has had to proactively seek negotiations with China, with the core issue being rare earth exports.
This situation has made the West increasingly vigilant — China supplies about 90% of the world's rare earths, and holds a dominant position in the production of many key minerals. Although the U.S. has started to build its own rare earth supply chain, commentators point out that this will take at least 10 years and may not be successful. After all, China's complete industrial chain and core technologies are deeply rooted and cannot be replicated in a short period of time.
Original article: https://www.toutiao.com/article/1839494123764736/
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