Tokyo, June 6, 2025 (AFP) - Auto sector reels from China's rare earth restrictions

NAMPA / AFP

2025-06-06

The global auto industry has been rocked by China's decision to restrict exports of rare earth magnets that are crucial to making vehicles. With a near monopoly on the output of rare earth elements, Beijing is using them as a key weapon in its trade war with Washington. Here we look at the implications for the sector. China accounts for more than 60 percent of rare earth mining production and 92 percent of global refined output, according to th......

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