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China Bans Export of Rare Earths Processing Tech Over National Security

By Amigos IAS

Why is it in the news?

  • China expands export ban to include technology for manufacturing rare earth magnets, alongside existing restrictions on technology for extracting and separating these critical materials.

 

Reasons for China’s Decision

  • China added technology for manufacturing rare earth magnets to its “Catalogue of Technologies Prohibited and Restricted from Export.”
  • It is aimed at protecting national security and public interest.
  • The ban extends beyond magnets, covering technology for producing rare-earth calcium oxyborate and rare earth metals.
  • Previous prohibitions on the production of rare earth alloy materials are also included.
  • Earlier in August 2023, export permits for chipmaking materials like gallium and germanium implemented. Later, similar requirements extended to various types of graphite.
  • China, as the world’s leading processor of rare earths, imposing such restrictions raises concerns about potential disruptions in the supply chain for these critical minerals.

 

About Rare Earth Magnets

·       Powerful permanent magnets made from alloys of rare earth elements.

·       Notably neodymium magnets and samarium cobalt magnets.

·       Known for exceptional strength and magnetic properties.

 

Rare Earths

·       Group of 17 metals crucial for creating magnets that convert power into motion.

·       Essential for various applications, including electric vehicles, wind turbines, and electronics.

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