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China Bans Export of Rare Earths Processing Tech Over National Security


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

路聽聽聽聽聽聽 Powerful permanent magnets made from alloys of rare earth elements.

路聽聽聽聽聽聽 Notably neodymium magnets and samarium cobalt magnets.

路聽聽聽聽聽聽 Known for exceptional strength and magnetic properties.

 

Rare Earths

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

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

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