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Global Business News

The Economic Times

Global Business / The Economic Times

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China's rare-earths weapon is losing its force

The imposition of rare-earth export controls by China is sparking an unexpected global movement toward industry independence. This escalating international effort is poised to increase the supply of these crucial minerals significantly. New findings of ionic-absorption clay deposits across four continents are fueling this shift. Additionally, companies are setting up processing plants outside China, signaling a noteworthy decline in Chinese preeminence over rare earth resources.

3 Aug 2026 7:42 am