no script

China Bolsters Export Controls on Rare-Earth Industry

Rare earths have represented a major sticking point in recent trade negotiations between China and the United States.

China is the world’s leading producer of the vital minerals used to make magnets that are essential to the automotive, electronics and defence industries

Beijing: China announced further controls Thursday on the export of rare-earth technologies and items, adding to existing regulations on the critical industry.

Rare earths have represented a major sticking point in recent trade negotiations between China and the United States, with Washington accusing Beijing of slow-walking export licence approvals.

China is the world’s leading producer of the vital minerals used to make magnets that are essential to the automotive, electronics and defence industries.

The new controls — which kick in immediately — mean exporters must obtain permission for technologies used for rare-earth mining and smelting, among other processing steps, a Chinese commerce ministry statement said.

They will also apply to technologies used in the “assembly, adjusting, maintenance, repair and upgrading of production lines”, it said. I

n another announcement, the commerce ministry said there would be additional restrictions placed on foreign entities that export related items outside of China.

“For some time, some overseas organisations and individuals have directly or after processing transferred or provided controlled rare-earth items originating in China… for direct or indirect use in sensitive areas such as military operations,” a ministry spokesperson said in a separate statement.

The practice has caused “significant damage or potential threats to China’s national security and interests (and) adversely impacted international peace and stability”, the statement said.

Loading

  • Kumar Bahukhandi

    Kumar has written mostly short stories and on human behavior that changed the day to day course of the people who engineered them. He says I am always myself... I just hate being someone else...It's so fake and unreal..."!!I have an everyday religion that works for me. Love yourself first, and everything else falls into line...... I am just a next door person A friend of friends, A Journalist ,who respects every person regardless of his/her stature (but yes, disregards cunning and selfish people).Learnt to get in touch with the silence within myself and knew that everything in life has a purpose. A very simple, Introvert person who believe in "Simple Living and High Thinking", trusts in Modesty. Very truthful to self basic instincts, work, hobbies and family. I Always Listen and Obey what my heart, my inner voice, my soul tells me. I prefer to be true to myself, even at the hazard of incurring the ridicule of others.

    Related Posts

    Iran Unveils Alternate Shipping Routes in Strait of Hormuz

    A boat approaches the St Kitt’s and Nevis-flagged container ship Marsa Victory while crusing in the waters of the Strait of Hormuz off the coast of Khasab in Oman’s northern…

    Loading

    US, Iran agree to 2-week ceasefire; talks likely in Islamabad on Friday

    Iran’s Supreme National Security Council announced that it has agreed to a two-week ceasefire in the ongoing conflict, with talks set to begin with the United States in Islamabad on…

    Loading

    You Missed

    The Final Phase of Maoism in Bastar! Despite the Opportunity, 5 Naxals Failed to Come Forward

    The Final Phase of Maoism in Bastar! Despite the Opportunity, 5 Naxals Failed to Come Forward

    Dacoit: Ek Prem Katha Review: Dreadfully Dull

    Dacoit: Ek Prem Katha Review: Dreadfully Dull

    Mojtaba Khamenei has Severe and Disfiguring Wounds: Report

    Mojtaba Khamenei has Severe and Disfiguring Wounds: Report

    Chhattisgarh Flourishes Through the Coordinated Efforts of the Departments of Industry and Labor-By -Chhagan Lal Lonhare (Deputy Director, Public Relations)

    Chhattisgarh Flourishes Through the Coordinated Efforts of the Departments of Industry and Labor-By -Chhagan Lal Lonhare (Deputy Director, Public Relations)

    Jonty's Impact Player Rant: The diminishing value of all-rounders in IPL

    Jonty's Impact Player Rant: The diminishing value of all-rounders in IPL

    West Avenue Realty Successfully Raises NCDs Within Three Years of Operations, Signaling Strong Investor Confidence

    West Avenue Realty Successfully Raises NCDs Within Three Years of Operations, Signaling Strong Investor Confidence