Downstream Effects of China's Rare Earth Mining
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China currently ranks among the top countries in the world in terms of rare earth reserves, production, consumption and exports, the ministry noted, adding that some countries are highly concerned about China's supply of rare earth-related items and are employing various methods to steal them.
China has leveraged its dominance over rare earths for Nvidia chips; however, this expert says world isn't decoupling, it is just bartering.
China has imposed export restrictions on key electric vehicle battery technologies, further strengthening its global dominance in the EV sector.
The head of a House of Representatives panel on China told U.S. Commerce Secretary Howard Lutnick that resuming sales of Nvidia's H20 chips to China threatens to advance Beijing's AI capability, stepping up his criticism of the decision and saying the original ban was "the right call.