China is feeling insecure about its global rare earths dominance ...Middle East

Quartz - Economy
China is feeling insecure about its global rare earths dominance
Earlier this month, China published seven pages of draft legislation aimed at stepping up regulation of the country’s rare earths industry.It includes a more stringent approval process for mining and processing projects, as well as the import and export of rare earths. What’s most interesting, however, isn’t the content of the proposed measures, but what the development of such legislation says about China’s outlook on its future as the dominant player in the critical minerals space.Rare earths are a group of 17 metals that are crucial in the manufacturing of a range of important items including electronic products, electric vehicles, military weapons systems, and wind turbines. Over the pas

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