Sold Cheap for Years, China Finally Reveals Its Trump Card and Begins to Fight Back - Video

According to reports, starting from August 1, 2023, the General Administration of Customs of China has imposed export restrictions on rare mineral resources such as gallium and germanium. Some Chinese experts believe that if this measure does not improve China's relations with some countries, it is expected that China will implement export controls on rare earths. Is the 'rare earth war' really coming?

On December 23, 2021, China Rare Earth Group was officially established. The purpose of its establishment is to obtain China's rare earth pricing power. After the reorganization, this rare earth giant will control about 70% of the domestic mining volume of heavy rare earths and 40% of light rare earths each year, and is expected to become the world's dominant rare earth enterprise. This clearly indicates a point: China is taking the initiative in the 'rare earth war'!

Some people may think that rare earths, at best, are just a type of resource. Is it really that important? Absolutely! As early as 1992 during his Southern Tour, Deng Xiaoping mentioned, 'The Middle East has oil, China has rare earths.' China's rare earth resources account for 80% of the world's known reserves, a position comparable to the oil in the Middle East, possessing immense strategic significance. We must handle rare earth matters well.'

Why have rare earths become a strategic resource? How have the U.S., Japan, and Europe 'encircled' China on the rare earth issue? How should China counterattack? OK, we will talk about it in this video.