China holds a quasi-monopoly on rare earths essential for Western industry and the American military, thus influencing trade relations with the USA. Following trade tensions, Beijing imposed export restrictions, affecting automotive and military production. Although the West recognizes the danger of this dependency, efforts to reduce it are slow. The EU, which will implement a law to reduce dependence on Chinese minerals, faces ecological and logistical challenges, needing time to develop its internal extraction and processing capabilities.
Sources
Financial Times: China i-a întins Vestului capcana pământurilor rare
China i-a întins Vestului capcana pământurilor rare
Capcana uriașă în care China a prins SUA și Europa: Cărțile au fost făcute, iar acum Beijingul începe să joace
China și capcana pământurilor rare întinsă Occidentului. „Am stat degeaba, admirând problema, vreme de decenii”
China, "arma secretă" a comerțului global. Pământurile rare care amenință SUA și Europa
Latest News
08:36
Traian Băsescu on the non-adoption of the salary law: "We also have the demonstration that, when it comes to stealing, politicians stand in solidarity with the citizens. The salary law is a reflection of this."
08:27
Iceland is organizing a referendum on August 29 regarding the resumption of discussions about EU membership, interrupted in 2013.
08:27
The deadly flood in Nepal and Tibet: At least 160 dead and over 550 missing, of which 260 are foreigners
08:20
Traian Băsescu, about how the money from the PNRR was used: "When 30 billion is put on the table, to use it for your economy, and at the end of the five years, your economic growth is zero, what more can we say?"
08:05
Hormuz Strait: A ship was hit by an unknown projectile, causing a fire on board, which has been extinguished. The crew is unharmed.
See more news