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Tags: china | rare earth | computer | ev | battery | technology | export

China Bans Export of Rare Earth Processing Technologies

China Bans Export of Rare Earth Processing Technologies
Chinese President Xi Jinping gestures while speaking to Russian President Vladimir Putin (not pictured) during their meeting at the Kremlin in Moscow, March 20, 2023. (Sergei Karpukhin/AP)

Thursday, 21 December 2023 06:57 AM EST

China, the world's top processor of rare earths, on Thursday banned the export of technology to extract and separate the strategic metals, as it overhauled a list of technologies deemed key to national security.

The commerce ministry sought public opinion last December on the potential move to add the technology to its "Catalogue of Technologies Prohibited and Restricted from Export."

It also banned the export of production technology for rare earth metals and alloy materials as well as technology to prepare some rare earth magnets.

The move comes as Europe and the United States scramble to wean themselves off rare earths from China, which accounts for 90% of global refined output.

Rare earths are a group of 17 metals used to make magnets for use in electric vehicles, wind turbines and other electronics.

China has mastered the solvent extraction process to refine the strategic minerals, which Western rare earth companies have struggled to deploy due to technical complexities and pollution concerns.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
China, the world's top processor of rare earths, on Thursday banned the export of technology to extract and separate the strategic metals, as it overhauled a list of technologies deemed key to national security.
china, rare earth, computer, ev, battery, technology, export, ban
161
2023-57-21
Thursday, 21 December 2023 06:57 AM
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