China tightens export controls on rare earths – takes effect Friday

<p>China announced earlier in the month that it will tighten export controls on rare earths. Exporters will be required to report rare-earth types and the destination of exports.&nbsp;</p><p>New restrictions will run through until the end of October in 2025.&nbsp;</p><p>The new restrictions come into effect on Friday this week.&nbsp;</p><p>Japanese media notes that firms there are seeking new sources of&nbsp;<span>graphite for EVs (graphite is essential for lithium-ion batteries) and gallium &amp; germanium for semiconductor.</span></p><ul><li><span>China supplies 80% of Japan’s graphite currently</span></li><li><span>Japan is seeking new supplies in Australia, Canada, Mozambique, Norway, and elsewhere</span></li></ul><p><br></p><figure data-media-><img src="https://images.forexlive.com/images/china%20rare%20earths_id_062c025e-f887-41ba-b751-45aedce28cb1_original.jpeg" alt="The rare earth threat from China has been plodding along for what, a couple of years ??? … and now w" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/china%20rare%20earths_id_062c025e-f887-41ba-b751-45aedce28cb1_original.jpeg" /></figure><p><br></p><p><span><br></span></p><p><br></p>

This article was written by Eamonn Sheridan at www.forexlive.com.