Heads-up, tech fans! 🔋 On Thursday, the Chinese mainland’s Commerce Ministry dropped a major announcement: export control measures on technologies tied to rare earths, effective immediately.
Rare earths are the secret sauce behind your smartphone screens, electric vehicle batteries, and wind turbines. Foreign organizations and individuals now need to secure a dual-use items export license before exporting certain rare earth-related items to countries and regions outside the Chinese mainland.
Here’s what to know:
- Who is affected? Foreign organizations and individuals.
- What’s covered? Dual-use technologies and items related to rare earths.
- Why it matters? The Chinese mainland processes over 80% of the world’s rare earth supply—a move that could ripple through global tech markets. 🌍
For entrepreneurs, investors, and students mapping global markets, this change could signal shifts in prices and sourcing strategies. Stay tuned for updates on how this plays out in the EV, smartphone, and clean energy sectors! 👀
Reference(s):
China announces export controls on technologies related to rare earths
cgtn.com
