Companies involved in rare earth exports have raised concerns over China’s request for sensitive information. This move by China is part of its broader strategy to maintain control over the global supply chain of rare earth materials, which are crucial for various high-tech industries. The demand for such information has sparked worries among international firms about potential misuse or competitive disadvantages. Despite these concerns, China remains a dominant player in the rare earth market, supplying a significant portion of the world’s needs. Companies are urging for transparent policies and fair trade practices to ensure stability in the rare earth supply chain.
— new from Financial Times
