Published: July 1st, 2024,
Last updated: August 7th, 2024

China is tightening state control over the highly coveted group of rare earth metals. On Saturday, the government published regulations aimed at protecting China’s rare earth deposits in the name of national security. Rules have been laid down for mining, processing, and trading. One use of rare earths is for electric cars. China is the world’s largest processor of this group of 17 elements, the demand for which is forecast to multiply by 2030 in the EU alone.