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floofloof@lemmy.ca to Technology@lemmy.worldEnglish · 24 days ago

China has stopped exporting rare earths to everyone, not just the U.S., cutting off critical materials for tech, autos, aerospace, and defense

fortune.com

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China has stopped exporting rare earths to everyone, not just the U.S., cutting off critical materials for tech, autos, aerospace, and defense

fortune.com

floofloof@lemmy.ca to Technology@lemmy.worldEnglish · 24 days ago
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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.
  • CosmoNova@lemmy.world
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    24 days ago

    That‘s their default, though. It’s not the first time they‘re acting up as an unreliable business partner. I mean they bought all those rare earth mines across the globe for a reason and it‘s not to just stick it to the USA. They‘re both bullies.

    • toy_boat_toy_boat@lemmy.world
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      24 days ago

      yup. it’s natural to see your foe’s foe as an ally. always be wary.

    • Boxscape@lemmy.sdf.org
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      24 days ago

      They’re both bullies.

      • roofuskit@lemmy.world
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        24 days ago

        Great analogy. China and the US are the Kaiju, and the rest of the world are the people living in the cities we fight in.

    • anonApril2025@lemmy.zip
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      • Duamerthrax@lemmy.world
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        23 days ago

        China has been doing this for years.

        • anonApril2025@lemmy.zip
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          • Duamerthrax@lemmy.world
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            22 days ago

            They’ve been buying up and hording rare earth metals for years to secure their own manufacture and as a form of soft power.

            From 2011:

            That’s because China now controls over 95% of the world’s supplies of rare earth metals, and has placed curbs on rare earth exports, creating a resource stranglehold. China slashed export quotas by 72% in the second half of last year, and imposed a further 35% cut in the first half of 2011 from the year-ago level. As a result prices for some rare earths have jumped more than 1,000%.

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              • Duamerthrax@lemmy.world
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                21 days ago

                China has been playing a long game with rare earth metals. You asked a specific question, the answer of which wouldn’t really explain anything. I gave you a longer answer that gives a fuller picture.

                Trump and company were fools to trigger China like this.

                • anonApril2025@lemmy.zip
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    • ☂️-@lemmy.ml
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      20 days ago

      that isn’t even a comparison. the fact china stopped sale of minerals doesn’t put it in equal footing with the terror the us does.

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