China's ongoing export controls on rare earth materials are a strategic move to exert influence over high-end defense manufacturing worldwide, highlighting the deep global dependence on Beijing for critical minerals.
Neha Mukherjee, a Rare Earth Expert and Research Manager at Benchmark Mineral Intelligence, has urged nations to urgently diversify their sources to avoid a global supply chain breakdown.
China has strongly condemned the United States' latest tariff threat, calling it a display of "willful intimidation and double standards," after Washington announced plans to impose a 100 per cent tariff on Chinese goods and export controls on all critical software from November 1.
US stock markets witnessed heavy selling on Friday after President Donald Trump announced fresh trade measures against China, including a 100 per cent tariff on Chinese goods and export controls on critical software.
"No, I haven't cancelled. However, I'm not sure if we'll have it. I'll be there regardless. I would assume we might have it. However, they hit the world with something. It was shocking. Out of the blue, they came up with this whole import-export concept, and nobody knew anything about it,
Vivek Vikram Singh, Managing Director and Group CEO of Sona Comstar, has urged the government to hold discussions with China to address the supply constraints around rare earth metals that are vital for the auto component industry.
The two sides discussed developments in the areas of nuclear, chemical, biological disarmament and non-proliferation, outer space security-related matters, conventional weapons, including AI in the military domain and multilateral export control regimes.
Malaysia has received U.S. approval to buy 33 F/A-18 Hornet jets from Kuwait, boosting its air defense amid rising tensions with China in the South China Sea. The move signals quiet U.S. support as Malaysia faces repeated Chinese incursions near its waters and oil rigs.
Korea Zinc, a global leader in non-ferrous metal production, has initiated its first shipment of antimony to the United States, signalling a strategic move to become a key alternative supplier amid rising geopolitical tensions and tightening Chinese export controls.
India on Thursday said it is in touch with the Chinese side, seeking predictability in the supply of rare earth metals -- which had been put under the export controls regime by the Xi administration.
The Indian automobile industry is expected to face disruptions following China's decision to tighten export controls on rare earth elements (REEs), which are critical in manufacturing chips used in automobiles, according to a report by Emkay Research.