EU firms rethinking China operations over rare earths curbs: Lobby

From channelnewsasia.com

Beijing's stringent export controls on rare earths are driving a fundamental shift in how European firms think about their operations in China, a business lobby warned on Tuesday (Apr 14). China dominates the global industry for rare earths, which are critical for making a wide range of products, from everyday consumer electronics to equipment used in the defence sector. The country's leaders leveraged that strength in spectacular fashion last year, reaching a deal with Washington in October to pause a blistering trade war after Beijing's curbs on their exports sent shockwaves across supply chains. But the approval ... (full story)