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China strikes back? Could China put export bans on rare earth metals?

A new export control law is expected tobecome law December 1st in China.“Because of the wide ambit of the law, China can also use it to ban the export of rare-earth metals such as Neodymium, which are crucial for the global electronics manufacturing industry. The Global Times, a Chinese state-run propaganda newspaper, has dubbed the law a part of the the country’s “no chips, no rare earths” strategy — meaning: if the US doesn’t give China tech to produce microprocessor chips, China won’t give it rare earth metals.”

As the Chinese produce/mine about 70% of the world’s rare earth metals, this could a segment the Chinese will put export restrictions on.

Rare metals ETF has traded higher….

REMX

China strikes back? Could China put export bans on rare earth metals?

Source: Refinitiv

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