China has increased its exploitation of rare earths. In response to Donald Trump’s tariff increase, Beijing has hardened export controls on seven types of metals: Samario, Gadolinio, Terbio, Disposio, Luthate, Scandio and Itrio.
According to the media these measures are not a general prohibition, they mean that Any foreign shipping will be subject to greater controleven in terms of who buys and for what purpose. In fact, the China Ministry of Commerce has revealed that this control is produced by “National Security, Regional Stability and World Peace.”
According to the disseminated information, China represents almost 70% of the world production of rare earth metals. In addition, in recent years Beijin already imposed restrictions on the export of these resources.
Last week, the US president, Donald Trumpannounced the imposition of “reciprocal” tariffs on imports of goods from a hundred countries. Since then, and affected countries are preparing to deal with the new world commercial situation.
