USTR: China ‘Overplayed Its Hand’ on Rare Earths

USTR: China ‘overplayed its hand’ on rare earths

China “overplayed its hand” when it placed export controls on rare earth elements earlier this year, U.S. Trade Representative Jamieson Greer said this week. "We're in a position where China has sought to use those rare earth magnets as a tool of economic coercion, interestingly, not just against the United States, but against the whole world,” he said in remarks at the New York Economic Club. “So nominally, the Chinese will say ‘The president i…

Rare Earth Magnets: World Takes Steps to Break China's Hold

Resource security when it comes to rare earth magnets is something the modern-day world has been desperately trying to get right. This is primarily due to rare earths’ increasing importance in electronics, defense, vehicles, and much more.  For years, countries have been seeking ways to secure access to these vital resources. However, 90% of the […]