Amid the protracted trade dispute between China and the US, Beijing is said to be considering cutting exports of so-called rare earths.
Amid the protracted trade dispute between China and the US, Beijing is said to be considering cutting exports of so-called rare earths.
China supplies about 80% of U.S. imports of rare earths, which are used in a multitude of applications from smartphones to electric vehicles.
The term "rare earths" is something of a misnomer, as many of the elements are relatively abundant. Nevertheless, China is by far the largest producer of these essential elements, having almost 70% of global production.
China supplies about 80% of U.S. imports of rare earths, which are used in a multitude of applications from smartphones to electric vehicles.
The term "rare earths" is something of a misnomer, as many of the elements are relatively abundant. Nevertheless, China is by far the largest producer of these essential elements, having almost 70% of global production.
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