• About Us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI English
TFI हिन्दी
Tuesday, March 28, 2023
TFIGlobal
TFIGlobal
Right Arm. Round the World. FAST.
No Result
View All Result
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
TFIGlobal
No Result
View All Result

China is scared about losing its Rare Earth Minerals advantage to the Quad. Their new policy screams so

Abhyoday Sisodia by Abhyoday Sisodia
January 18, 2021
in Indo-Pacific
Reading Time: 3 mins read
0
China, rare earth minerals
443
VIEWS
Share on FacebookShare on Twitter

China has for a really long time enjoyed its monopoly of Rare Earth Minerals, and it was possible because the country was aware of the consequence of weaponising this advantage. This was one of the many reasons why it stuck to the norms and standard practices of the International Trade in regards to such minerals. However, under the failed leadership of Xi Jinping, China tried to utilise its rare earth minerals monopoly to make geopolitical gains. And, it was after this, that the Quad countries came together to dismantle the Chinese monopoly of rare earth mineral exports and related supply chains.

However, China seems to have gotten the wind of it and has started to gain absolute control of the entire rare earth metal industry. Whereas, the current regulations focus on the production stage — such as mine development, smelting or separation — the draft law of the new regulations seeks to manage the “entire industry chain” of the precious ore, including refining, product transport and exports.

Also Read

US and its European lackeys are trying to kick Russia out of the WTO, but it’s not happening

Lithium OPEC: Bolivia drops a bombshell

The Quad countries in their personal capacity, as well as, in tandem have been working inch-by-inch towards making the Chinese monopoly redundant. The US imported about 80 per cent of its rare earth minerals directly from China and a part of the remainder indirectly from China through third party countries. 

But only a few months ago, US President Donald Trump signed an order declaring a national emergency in the American mining industry. The executive order aimed at boosting the domestic production of rare earth metals critical for military technologies while cutting dependence on the paper dragon. Rare earth metals, a suit of 17 elements, is crucial in the manufacturing of defence equipment including fighter jets, hypersonic missiles, and radiation-hardened electronics.

Read more: After Japan, USA’s big rare earth push will snatch another monopoly from China.

The Communist hardliners in China have been instigating Beijing to weaponise its monopoly by cutting the US off the rare earth minerals supply. CCP mouthpiece Global Times even called Chinese monopoly in rare earth minerals “an ace in Beijing’s hand” and the current action seems to be in line with this long-held arrogant belief.

While in the case of Japan, China temporarily cut off rare-earth exports to it in 2010, when the Senkaku Islands tensions were on the peak. The islands were claimed by Beijing as the Diaoyu and administered by Japan. Tokyo moved ahead with diplomatic efforts in countries like India, Kazakhstan, Mongolia, and Vietnam that had rare earth minerals potential but lacked the investments and capacity to extract them. Japan registered a huge success, as, by 2017, it was importing around 30% of its rare earth metals from countries in Asia other than China. And now, it has planned to lower its reliance on Chinese imports from 58% to 50% by 2025.

Read more: Japan is brutally ending China’s dominance in rare earth metals and teaching China a lesson it will never forget.

And these are not isolated instances. Australia, too, is about to challenge China’s near-monopoly in graphite production. Syrah Resources, an Australian listed minerals company, has unveiled a graphite processing facility in the South-eastern US state of Louisiana. This facility will help the Australia-based company to turn the graphite extracted from Mozambique to be processed for LiB anodes.

Read more: Australia is planning a major blow to China’s dominance in the electrical vehicle market.

All these actions are making China un-easy. What Beijing and its intelligentsia considered to be the near-absolute monopoly, is going to go away within a few years. This fear has made the country desperate and which is why Xi Jinping is taking drastic steps to gain absolute control over Rare Earth metal industry.

Tags: ChinaQuadRare earthShort takes
ShareTweetSend
Previous Post

Trump’s final blow to China – Huawei is banned in the US forever

Next Post

As China stands at the brink of an economic collapse, it inflates its GDP numbers to somehow attract investment

Also Read

Japan underground shelters

Japan can’t protect Japanese if a war breaks out

March 23, 2023
TikTok app

West’s TikTok App wake-up call, too little, too late, or just too fake!

March 23, 2023
Taiwan coup

China plans a coup in Taiwan!

March 21, 2023
China Europe

US and Europe were happily ever after…until China showed up

March 12, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Trending
  • Comments
  • Latest
Africa kicks dollar to the curb

Africa kicks dollar to the curb

March 14, 2023
Romania’s rising star, Diana Sosoaca is making the West anxious

Romania’s rising star, Diana Sosoaca is making the West anxious

March 27, 2023
Did Ukraine use innocent civilians as human shield against Russia in the name of evacuation?

Did Ukraine use innocent civilians as human shield against Russia in the name of evacuation?

May 9, 2022
Jagmeet Singh is burning the bridges between India and Canada

Jagmeet Singh is burning the bridges between India and Canada

March 21, 2023
Iran relations

NATO fears losing out to Iran

March 22, 2023
Indonesia’s Shocking Decision on Visa and Mastercard!

Indonesia’s Shocking Decision on Visa and Mastercard!

March 28, 2023
How a DEA chief in Mexico ended up working with narcotraffickers

How a DEA chief in Mexico ended up working with narcotraffickers

March 28, 2023
US and its European lackeys are trying to kick Russia out of the WTO, but it’s not happening

US and its European lackeys are trying to kick Russia out of the WTO, but it’s not happening

March 28, 2023
Trudeau chooses the most environment unfriendly hotel in Egypt to attend an environment summit

Trudeau chooses the most environment unfriendly hotel in Egypt to attend an environment summit

March 28, 2023
Going all in: UK’s African Gambit aims to score big at UK-Africa investment summit

Going all in: UK’s African Gambit aims to score big at UK-Africa investment summit

March 28, 2023
Youtube Twitter Facebook
TFIGlobal
  • About us
  • Contact Us
  • Terms of use
  • Privacy Policy

©2023 - TFI MEDIA PRIVATE LIMITED

No Result
View All Result
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

©2023 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Follow us on Twitter

and never miss an insightful take by the TFIGlobal team

Follow @tfiglobal
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.