Rare earths are called"Industrial Vitamins", which plays an irreplaceable role in modern industry. China is the world's largest producer of rare earths, accounting for 70% of the world's rare earth production. In comparison, the U.S. and Australia produce only about 20% and 10% of China's production, respectively. Although China is far ahead in terms of rare earth reserves and production, what really makes China a leader in the rare earth market is its superior strength in rare earth processing.
China is a world leader in the processing and application of rare earths. Rare earths mined in many countries need to be shipped to China for processing and then shipped back to their home countries. China is also the largest importer of rare earths to the United States. The integrity of this rare earth ** chain allows China to dominate the rare earth market. China has advanced technologies in rare earth refining, sorting, purification, etc., and is also in a leading position in innovative research and application of rare earth materials. These strengths make Western countries desperately want to get rid of their dependence on China and build a rare earth ** chain without China's participation.
Wall Street** noted that breaking China's control of rare earths is an almost impossible task. They demonstrate this with the practical example of cheap rare earth magnet sheets made in China for as little as $2. Such an inexpensive product is not comparable to other countries either in ** or in quality. This situation clearly shows that even with rich rare earth resources, it is still difficult for some countries to compete with China. The Wall Street comment is actually a reminder to Western countries that it will not be easy to get rid of China's control of rare earths.
Rare earth elements have a special electron shell structure and super high temperature resistance, and are vividly called"Industrial Vitamins"。Rare earths play an important role in the military, defense, and lifestyle, and are essential for manufacturing products such as high-end**, aircraft, and electric vehicles. Rare earth lithium battery is one of the core components of new energy vehicles, without the support of rare earths, the development of new energy vehicles is almost impossible.
China's tightening of export restrictions on rare earths and the increase of rare earth quotas have triggered mixed reactions from Western countries. On the one hand, the decrease in the circulation of rare earths in the international market has put pressure on the manufacture of high-tech products such as new energy vehicles. On the other hand, the shortage of rare earths has led to difficulties for electric vehicle manufacturers,** which may lead to a hindrance in the development of new energy vehicles in Western countries. However, China's move aims to make reasonable use of its own resource advantages and promote the dominance of the new energy vehicle field. China has taken a number of actions to accelerate rare earth production, promote industrial upgrading, and maintain its long-term international position.
China stresses that rare earths should not be used as a symbol of struggle, but as a symbol of democracy and peace. China's goal is to promote the sustainable development of global science and technology and industry through the rational management and utilization of rare earth resources. China regards the rational allocation and management of rare earth resources as its responsibility. China doesn't want to fight"Rare earth wars", but hope to promote the development of the entire rare earth industry through cooperation. Considering the growing demand for electric vehicles in the international market, China has increased its rare earth quota to incentivize manufacturers to push production plans. As a strategic mineral resource, rare earth needs to be fully considered in terms of exploration, development and utilization. China is committed to promoting the development and utilization of sustainable rare earth resources and promoting the prosperity and win-win situation of the global rare earth industry.