The global automotive industry could soon start reeling from one of China’s boldest moves in the trade war—restricting exports of several rare earth metals that are critical to the auto manufacturing, energy, and defense industries. China is expected to be the world’s top producer of rare earth elements in 2030, with a 54% share of the global market, followed by Australia at a distant second with 18%, estimates from the International Energy Agency (IEA) showed. “The United States is particularly vulnerable for these supply chains,” analysts at the Critical Minerals Security program at the Center for Strategic and International Studies (CSIS), said last week, commenting on the Chinese export restrictions of the seven medium and heavy rare earths.
Author: Tsvetana Paraskova
Published at: 2025-04-22 23:00:00
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