China: All Rare Earth Materials Are Now 'State-Owned'
China passed legislation declaring state ownership of rare earth materials for semiconductor production from October 1, 2024. This move, likely in response to US sanctions, could disrupt global supply chains and impact industries worldwide.
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China has passed new legislation that designates all rare earth materials used in semiconductor manufacturing as state-owned, effective from October 1, 2024. This move aims to protect China's rare earth resources and restrict access to certain individuals and organizations, likely in response to US sanctions limiting China's access to advanced technology. The law could impact global supply chains, particularly concerning gallium and germanium, essential rare earth elements where China holds a dominant position. With China producing a significant portion of the world's rare earth minerals, the US may need to seek alternative sources, potentially leading to increased costs. This development could prompt US companies to lobby for eased sanctions or explore procurement from other countries. China's control over rare earth materials gives it a strong bargaining position in future negotiations. The legislation is expected to have far-reaching implications once implemented, affecting industries reliant on these critical minerals.
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2 commentshttps://www.mining-technology.com/news/us-critical-materials...
My note: mining for minerals is a great pivot for coal miners in the US.
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