Ucore Rare Metals Inc (UURAF)

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China's exports of vital rare earths drop 62%

Asia Times Financial Sep 24

Reasons for this are not clear, but Beijing warned last year it would restrict supplies to the US because of the trade war; meanwhile a rare-earth firm in Guangxi has been accused of repeated pollution violations

by Chris Gill and Jim Pollard


(ATF) China’s General Administration of Customs has reported that the country's exports of rare earths fell by 62% year-on-year to 1,642 tonnes in August.

The reasons for this are not fully known – whether it stems from domestic production problems, or if it is a political act linked to the heated rhetoric directed at China in the US election campaign, or punishment for the Trump administration's stance on Chinese tech giants (Huawei, Bytedance, TikTok, etc).

Beijing threatened to restrict exports of rare earth minerals to the US in May 2019 to gain leverage in their trade war.

Read more at:
https://www.asiatimesfinancial.com/chinas-exports-of-vital-rare-earths-drop-62