China’s powerful planning body has threatened to use rare earths exports as leverage in the trade war with the US, in a sign of increasing tensions between the two powers.
Rare earths, a group of 17 metals with a variety of high-tech applications, used in magnets, instrument displays and other strategic applications, are the one raw material where China dominates global supply.
A tightening in Chinese export quotas a decade ago brought the little-known minerals to the attention of the international security community as a potential strategic threat.
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