China s restrictions on the export of rare earth technology and the increase of rare earth quotas ha

Mondo Finance Updated on 2024-01-31

Rare earthsIt is known as a modern industrial one"Industrial Vitamins", which plays a vital role in accelerating and driving machines. China inRare earthsfield to show exceptional strength, making it globalRare earths** Leader. In 2019, China'sRare earthsThe production is about 210,000 tons, accounting for the global totalRare earths70% of the output, far more than the United States, Australia and other countries. However, the advantages of reserves and production alone are not enough on a global scaleRare earthsOccupy a leading position in the market. ChinaRare earthsThe strength of the processing capacity is the key to truly making it dominate the world.

China inRare earthsA lot of resources and technical research have been invested in processing, fromRare earthsof refining, sorting to purification, and rightRare earthsThe innovative research and application of materials have demonstrated outstanding strength. In fact, many countries are inRare earthsAfter mining, it is necessary to put itRare earthsShipped to China for processing, and then the finished product is shipped back to their home country. As a result, China has also become globalRare earthsThe dominant player in the import market. In 2019, China's exportsRare earthsPermanent magnet material more than 530,000 tons, exportedRare earthsSmelting and separating products more than 490,000 tons, which is more than 10% of the global total. This kindRare earthsThe huge advantage of processing capacity has led some Western countries to try to avoid ChinaRare earthsseeks to build without the involvement of ChinaChain

Rare earthsIt plays an extremely important role in the industrial and technological fields of modern society. Rare earthsThe special electronic layer structure and high temperature resistance make it an indispensable key material in the military and civilian fields. For example, high-end products such as American-made missiles and airplanes are almost inseparableRare earthshelp. For the average person,Rare earthsIt is also widely used in daily life, such as:Rare earthsLithium batteries areNew energyOne of the core components of the car. If notRare earthsNew energyThe development of automobiles will be seriously affected.

ChinaRare earthsand its control in theRare earthsExcellence in processing and utilization, making China becomeRare earthsThe dominant player in the field. However, in recent years, China has strengthenedRare earthsexport restrictions on the international marketRare earthsThe circulating volume creates pressure. This initiative not only gives manufacturingNew energyEnterprises with high-tech products such as automobiles have brought trouble, resulting in the possibility of postponing the development of Western countriesNew energyAutomotive Development Plan.

However, China's purpose is not to engage with other countriesRare earthswar, but to make the most of your ownRare earthsResource advantage, promoteNew energydevelopment of the automotive field and keep itself internationalRare earthsThe position of the market is stable. China inRare earthsThe development of the industry has been emphasizedRare earthsto promote the sustainable development of global science and technology and industry.

In general, ChineseRare earthsDominance is mainly based on its reserves and production, but more importantly China is inRare earthsSuperior strength in processing and utilization. China has strengthened by strengtheningRare earthsExport restrictions, aimed at reasonable utilizationRare earthsResources, pushNew energydevelopment in areas such as automobiles and keep themselves inRare earthsThe position of the market is stable.

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