Western Efforts to Reduce Dependence on China's Rare Earths Face Challenges

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Source: Bloomberg
Western Efforts to Reduce Dependence on China's Rare Earths Face Challenges
Photo: Bloomberg
TL;DR Summary

China has been gradually easing restrictions on rare earths exports following US complaints, with some delays attributed to new approval systems. The issue remains a key point of tension in US-China trade relations, as China controls nearly 70% of global rare earth production and is viewed as a potential geopolitical tool amid ongoing trade disputes and geopolitical tensions.

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