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BEIJING: Military equipment suppliers in the United States will see their supply of Chinese rare earths restricted, the Global Times announced on Monday, June 17, after the Chinese economic planner confirmed that industry experts had proposed controls to l & # 39; export.
China is the world's largest producer of rare earths – a group of 17 valuable minerals used in all fields, from consumer electronics to military equipment such as reactors, satellites, missile guidance systems and lasers .
Many state-run Chinese media reports have raised the possibility that China is limiting its mineral supplies in order to gain influence in its trade dispute with the United States.
Comment: China threatens to reduce rare earth production, but may not bite
The Global Times, a newspaper published by the ruling party's People & # 39; s Party, said on its official Twitter account that US military equipment companies "would likely be subject to restrictions," citing insiders. unidentified Chinese.
China should also compile a list of foreign end-users of Chinese rare earths, he added.
The Global Times comment follows the statement Monday by a spokesman for the Chinese economic planner, the Commission for Development and Reform (CNDR), which was to study and implement relevant policies on rare earths as soon as as possible.
Explainer: American dependence on rare earths from China
The NDRC recently organized three rare earth symposia to hear the views of industry experts, including suggestions for export controls, according to a transcript of comments from the spokesperson for the region. NDRC, Meng Wei.
China's rare earth exports in May fell 16 percent from April to 3,640 tons, according to customs data released last week.
Other proposals heard at the symposia included accelerating the development of high-end downstream industries and establishing a "traceability mechanism" to track each exported rare earth shipment, said Meng.
The government firmly opposes any attempt to use products made from rare earths exported by China to prevent the country's development, Meng added.
China will also step up its efforts to combat the illegal exploitation of rare earths and promote the green development of the rare earth industry, she said.
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