China restricts the export of rare earth technology and increases rare earth quotas, targeting the w

Mondo Finance Updated on 2024-01-31

Rare earths, also known as:"Industrial Vitamins"It is an indispensable key raw material in modern industry. However,Rare earthsThe best and processing capacity is the focus of competition among countries around the world. China relies on its largest in the worldRare earthsOutput and strong processing capacity, has always been in controlRare earthsDominance. Recently, China has been rightRare earthsThe imposition of export restrictions has dealt a heavy blow to the United States. However,Rare earthsThe dominance of the country is not an easy task, it involves both technical prowess and technical prowessIndustrial chainintegrity. This article will **ChinaRare earthsThe strength and influence of the industry, as well as its impact on the international market.

ChinaRare earthsWith 70% of the world's production, it ranks first, and its reserves and production are far ahead of other countries. However, aloneRare earthsThe reserves and production of China can not be guaranteed inRare earthsMarket leadership. What's more, China is inRare earthsSuperior strength in processing, including refining, sorting, purification and pairingRare earthsinnovative research and application of materials. In the past, the United States and other countriesRare earthsAll of them need to be shipped to China for processing and then shipped back to the country where they are used. In addition, China is also the largest in the United StatesRare earthsImporting country. China exported to the U.S. throughout 2022Rare earthsThe number of permanent magnet materials is about 530,000 tons, exportedRare earthsThe number of smelting and separating products is about 490,000 tons. Precisely because China is in controlRare earthsSome countries are trying to get rid of this dependence and build without China's involvementRare earthsChain

However,Wall Street**pointed out that broke the Chinese oneRare earthsControl is an almost impossible task. toWall Street**For example, for $2, you can easily buy 30 powerful pieces from Made in ChinaMagnetsSlice. This invincible and cheap product is unmatched by other countries. This shows that even with a hugeRare earthsResources, AmericanRare earthsThe mines still lost out to the low-priced two-dollar product, which eventually led to the depletion of resources. Wall Street**The point of view is actually a reminder to Western countries to get rid of ChinaRare earthsControl is almost impossible to achieve. China inRare earthsThe strength of processing far exceeds that of other countries, in terms of technical level andIndustrial chainhave a huge advantage. Even if China stopsRare earthsExports, giving other countries a chance to catch up, and the long-term accumulated gap will also make it difficult for them to catch up with China.

Rare earthsIt is figuratively called"Industrial Vitamins"Because it has a special electronic layer structure and excellent high-temperature resistance, it has become a treasure for both military and civilian use. Whether it is in the field of defense or ordinary life, it is inseparableRare earthsapplications. Especially for a country like the United States, which manufactures missiles, airplanes, and other high-end products, noRare earthsThe help is almost impossible to act. In addition,Rare earthsInNew energyDomains also play a key role, such as:Rare earthsLithium batteries areNew energyOne of the core components of the car. China inRare earthsRich practical experience and high level of technical ability have been accumulated in processing and utilization, even inRare earthsMagnetsThe field is the only country capable of mass production from start to finish.

China has recently restrictedRare earthstechnology exported, and increasedRare earthsquotas, which dealt a heavy blow to the United States. First of all, the international marketRare earthsbegan to reduce the amount of circulation for high-end technology products (for exampleNew energycars) brought stress. Secondly, due toRare earthsShortages, which increase the cost of businesses striving to develop electric vehicles, may lead to:New energyThe best of the car thus reducing its market competitiveness. In addition,ChainThe rupture would also have wide-ranging and far-reaching implications for the global economy.

And for China, restrictionsRare earthsExports can protect domestic resources to a certain extent, and improveRare earths**, increasedRare earthsThe profit margins of the industry. It also helps China inRare earthsIncrease voice and market share in the industry. This move is also a response to the suppression and war of the United States. Rare earthsAs a trump card for China, it can be a bargaining chip to exert pressure in the Sino-US negotiations.

In general, ChineseRare earthsDominance is based on itRare earthsThe combined strength of multiple factors such as reserves, production and processing technology, and it is difficult to be replaced by other countries. Although some countries are trying to get rid of their dependence on China, it is necessary to break China'sRare earthsControl is an almost impossible task. China restrictionsRare earthsexports, increasesRare earthsquotas, which can be for ChinaRare earthsThe industry has brought more benefits, but it has also caused a certain impact on the international market. The importance of rare earths will makeRare earthsIt has become an important topic in the Sino-US negotiations.

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