Beijing has a virtual monopoly on supply of the critical minerals used to make everything from cars to wind turbines.
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China’s export of rare earth elements is central to the trade deal struck this week with the United States.
Beijing has a virtual monopoly on the supply of the critical minerals, which are used to make everything from cars to drones and wind turbines.
Earlier this year, Beijing leveraged its dominance of the sector to hit back at US President Donald Trump’s sweeping tariffs, placing export controls on seven rare earths and related products.
