China might restrict exports of rare earths, which are essential to the manufacture of consumer electronics, semiconductors and military equipment. Photo: AFP
China issues veiled rare earths threats after US ups trade war ante with Huawei blacklist
- Foreign ministry says warning from top economic planning agency that government will prioritise domestic demand is sound and valid
- Communist Party mouthpiece also warns US not to underestimate China’s resolve to hit back
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US-China tech war
China might restrict exports of rare earths, which are essential to the manufacture of consumer electronics, semiconductors and military equipment. Photo: AFP
Rare-earth oxides, clockwise from top centre: Praseodymium, cerium, lanthanum, neodymium, samarium, and gadolinium. Photo: AP/US Department of Agriculture
Explainer: Used from iPhones to guided missiles, does China’s dominance in rare earths hold potential leverage in trade war?
- The little known minerals are used in a variety of industries and hi-tech devices
- China has accounted for more than 90 per cent of global production since the late 1990s
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Explainers: Business
Rare-earth oxides, clockwise from top centre: Praseodymium, cerium, lanthanum, neodymium, samarium, and gadolinium. Photo: AP/US Department of Agriculture