Australia is ramping up efforts to challenge China’s dominance in the rare earths market, aiming to secure the crucial materials that fuel today’s technology and clean energy revolution, reports BBC
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U.S. firms are dramatically ramping up imports of rare-earth magnets from China, with shipments skyrocketing 660% as supply chain worries mount and demand for these vital materials in technology and defense soars
China has dramatically tightened export controls on rare earth minerals-crucial building blocks for the electronics and defense industries. This bold strategy highlights Beijing’s growing influence amid rising global trade tensions, sending shockwaves through supply chains worldwide, Reuters reports