Speaking at a press conference in Beijing, Chinese Ministry of Commerce spokesperson He Yadong stated that export license applications will be evaluated in accordance with legal regulations. He emphasized that reasonable requests for rare earth elements, especially for civilian purposes, are being considered. He also stated that it is in line with international practices to control the export of these products, which are suitable for dual use in military and civilian fields.
Spokesperson He stated that the review and approval processes for applications will continue to be improved and that they are open to dialogue and cooperation with relevant countries on export controls.
China at the center of global supply
Rare earths, of which China accounts for around 90% of global supply, are critical, especially in the technology and defense industries. In response to US restrictions on the chip sector, Beijing limited exports of elements such as gallium, germanium and antimony, followed by controls on tungsten, tellurium, bismuth, molybdenum and indium.
In response to Washington's tariff hike under “reciprocal tariffs”, Beijing included 7 different rare earth elements such as samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium in the export control list.
Comments
No comment yet.