In a decisive move affecting global tech, China's Ministry of Commerce, in coordination with the General Administration of Customs, has imposed export controls on seven medium and heavy rare earth elements. The controlled items include samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium, and the measures took effect immediately.
A spokesperson explained that these items are dual-use in nature, meaning they can serve both civilian and security-related applications. The export controls aim to safeguard national security and interests while fulfilling international non-proliferation obligations.
"These items are dual-use in nature, and imposing export controls on them is a common international practice," the spokesperson noted, adding that the Chinese mainland is open to enhancing bilateral dialogues on export control mechanisms to promote compliant trade.
This strategic step might affect industries that depend on high-tech materials, from smartphones to electric vehicles. It's a power move in the global tech game that news enthusiasts, professionals, and students should keep an eye on. Stay tuned for more updates on this evolving story! 🚀✨
Reference(s):
cgtn.com
