Exports of rare earths now require special licenses, but Beijing has yet to fully establish a system for issuing them, the New York Times reported.
  • count_dongulus@lemmy.worldEnglish
    2·
    24 days ago

    They’re called “rare earth elements”, but they’re extremely common. They’re just in trace amounts…everywhere in the Earth’s crust. China stopping exports just means everyone else will have a reason to extract them, when before China was just a path of least resistance. Will take a bit of time to re-establish industry though.