Wednesday, April 5, 2023

China Considering An Export Ban On Certain Rare-Earth Magnet Technology

China dominates the global market for rare-earth materials. © Reuters  

Nikkei Asia: China weighs export ban for rare-earth magnet tech  

Beijing looks to strike back after Washington's chip restrictions 

BEIJING -- China is considering prohibiting exports of certain rare-earth magnet technology in a move that would counter the U.S.'s advantage in the high-tech arena. Officials are planning amendments to a technology export restriction list, which was last updated in 2020. 

The revisions would either ban or restrict exports of technology to process and refine rare-earth elements. There are also proposed provisions that would prohibit or limit exports of alloy tech for making high-performance magnets derived from rare earths. In all, there are 43 amendments or additions in the draft list first announced in December by the commerce and technology ministries. 

Officials have finished taking public comments from experts, and the changes are expected to go into force this year. High performance magnets are used in a wide range of applications, such as motors for electric vehicles.  

Read more ....  

Update: China Plans to Ban Exports of Rare Earth Magnet Tech (Japan News/Yomiuri Shimbun)

Update #2: China Weighs Rare Earth Magnet Export Ban In Retaliation To Biden Chip Crackdown (Zero Hedge)  

WNU Editor: China is responding to changing markets .... The West is trying to cut China out of rare earths⁠—and China is noticing (Quartz). Unfortunately the US continues to shoot itself in the foot .... Biden official grilled for cutting domestic mining despite US reliance on China (ABC News).


Anonymous said...

smart move on thier part. The way things are going , they may get hit with the US sanctions policy.

Plus this Will help to slow US technological advancement. Bad for us, good for them.

Anonymous said...

Who was the one that said the USD is being backed by western tech? Well how do you figure that now?

Anonymous said...

Joe Biden Traveled to Ukraine to Push Petroleum Production Just 3 DAYS After Hunter Was Hired by Burisma After Being Discharged from Military for Smoking Crack –

So the worthless piece of sh@t that is Joe Biden pushes for oil producution Ukraine, but not in the United State.

Can you get more blatantly hypocritical?

Anonymous said...


Roger29palms said...

China was getting lambasted years ago for buying up these materials and soaking the then current owners with lots of chinese debt. US could have been doing deals also but I never heard a word about our doing so.

Anonymous said...

Hmm... Interesting