China Maintains Rare Earth Export Restrictions Despite US Trade Talks
Key Points
- China controls 90% of the world's rare earth magnets, affect...
China controls 90% of the world's rare earth magnet supply, which makes about as much strategic sense as letting your ex keep the Netflix password. Yet here we are, watching Beijing play hardball with materials that power everything from your Toyota Prius to Pentagon missiles.
The June 15 London trade talks produced what President Trump called a "great deal," but apparently nobody told China's rare earth negotiators. While they're happy to fast-track exports for civilian use, military applications remain off the table faster than free food at a trading floor lunch.
**When Magnets Become Weap...
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