Core Viewpoint - The article discusses China's control over rare earth exports and the implications for global industries, particularly the automotive sector, amid concerns about supply shortages due to export restrictions [2][5][6]. Group 1: China's Rare Earth Export Control - China is the sole source of heavy rare earth separation globally and dominates the rare earth industry, including mining, refining, and production of rare earth magnets [5]. - The Chinese government has initiated actions against the smuggling of strategic minerals, which includes heavy rare earths that are subject to export controls [2][6]. Group 2: Global Impact and Supply Chain - Rare earth elements, consisting of 17 elements, are critical non-renewable strategic resources, with heavy rare earths primarily concentrated in China, accounting for over 80% of global reserves [6]. - In 2024, China's rare earth production is projected to account for nearly 70% of global output, with the U.S. relying on China for 70% of its rare earth imports from 2020 to 2023 [6]. - The U.S. military's supply chain is heavily dependent on Chinese rare earth processing, with 87% of the supply chain for 153 types of active and in-development military equipment requiring Chinese rare earths [6].
稀土,大消息!外交部回应!
证券时报·2025-06-03 11:41