Gordon Chang, a China expert and author, on Newsmax Wednesday, said the United States’ dependence on China for rare earth minerals is a growing vulnerability, exacerbated by recent Chinese export restrictions.
China’s recent export ban on key minerals, including gallium, germanium, antimony, and “superhard materials,” has spotlighted the United States’ reliance on Chinese resources for essential manufacturing. This move, announced Tuesday by China’s Commerce Ministry, is widely seen as retaliation for U.S. restrictions on China’s chip-making industry, Newsweek reported.
“These are important,” Chang said Wednesday on “Greg Kelly Reports.” “China mines somewhere between 85 to 90% of the world’s so-called rare earths. But it not only mines them; it also processes them.
Read more at Newsmax© 2024 Newsmax. All rights reserved.
