China eyes banning export of rare earth magnet technology

Kyodo News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="A Chinese national flag outside the Beijing No. 2 Intermediate People" s="" Court="" in="" March="" Mark="" R.="" EPA-EFE="" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/overseas/04/20/china-flag-4202022.jpg"/><figcaption>A Chinese national flag outside the Beijing No. 2 Intermediate People&#x27;s Court in Beijing, China, March 31, 2022. <em>Mark R. Cristino, EPA-EFE/File </em></figcaption></figure></div><p>TOKYO — China is considering banning the export of technologies used to produce high-performing rare earth magnets, which are crucial for powering products from electric vehicles to mobile phones, a proposed revision to its export control measures showed Wednesday.</p><p>As the United States tightens its grip on semiconductor technologies, also crucial for high-tech products, China, a major producer of some rare earth minerals, is apparently trying to dominate industries where it already has a large market share and expand its economic clout in growing sectors relying on such magnets.</p><p>The Chinese government released at the end of 2022 a proposed revision to its list of technologies that are prohibited and restricted for export, with the ban possibly implemented within this year, as it advances its policy of creating a self-sufficient supply chain of crucial industries.</p><p>Among them were technologies such as refining and processing rare earth metals.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/06/06/19/china-rare-earth-prices-soar-on-their-potential-role-in-trade-war">China rare earth prices soar on their potential role in trade war</a></li>	<li><a href="https://news.abs-cbn.com/business/08/07/19/china-rare-earths-group-supports-counter-measures-against-us-bullying">China rare earths group supports counter-measures against U.S. &#x27;bullying&#x27;</a></li></ul><p>Beijing temporarily halted in 2010 its export of the vital rare earth minerals to Japan as relations worsened over a ship collision near the Senkaku Islands in the East China Sea. The islands are administered by Japan but claimed by China.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/04/15/18/japan-rare-earth-haul-sparks-hopes-of-cutting-china-reliance">Japan &#x27;rare earth&#x27; haul sparks hopes of cutting China reliance</a></li></ul><p>Faced with the threat of supply disruptions, Japanese manufacturers were prompted to diversify supply sources of rare earth minerals and accelerate development of technologies to reduce dependence on such elements.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/overseas/05/30/19/pentagon-seeks-funds-to-reduce-us-reliance-on-chinas-rare-earth-metals">Pentagon seeks funds to reduce US reliance on China&#x27;s rare earth metals</a></li>	<li><a href="https://news.abs-cbn.com/spotlight/02/02/21/could-the-worlds-deep-seas-become-chinas-mining-frontier">Could the world’s deep seas become China’s mining frontier?</a></li></ul><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/9Q2LQzNL7rU?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

China is considering banning the export of technology for rare earth magnets, which are crucial for electric vehicles and mobile phones. 

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China eyes banning export of rare earth magnet technology

China eyes banning export of rare earth magnet technology

Kyodo News

Published Apr 06, 2023 12:58 PM PHT

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