Infographics: China threatens rare earth export controls
June 19, 2019 12:05 AM NPT
The United States has called on Australia and Canada to develop rare earth mineral deposits after China threatened to stop exports to America. Rare earth elements are crucial to advanced U.S. weapons. It’s no surprise that following U.S. President Donald Trump’s threat to cut off the supply of chips and processors to Huawei Technologies, China’s state economic planner, the National Development and Reform Commission (NDRC), held three symposiums on rare earth elements to hear views from industry experts, including calls for export controls.
America imported 18,850 tonnes of rare-earth compounds and metals from China in 2018 -- 80 per cent of U.S. imports of the elements. In 2018, China produced about 120,000 tonnes, while the totals of the next two leading producers -- Australia and the United States -- were 20,000 and 15,000 respectively, according to the United States Geological Survey (USGS). Rare earths are a group of 17 chemically related metallic elements that have magnetic and optical properties useful for making electronics more efficient.