Brief by Shorts91 Newsdesk / 03:57am on 14 Apr 2025,Monday International
China has suspended exports of key rare earth metals and magnets amid its escalating trade war with the US. The move affects elements vital to industries like defense, electronics, and EVs. China controls 90% of global rare earths, and the halted shipments impact global firms including Tesla, Apple, and Lockheed Martin. Beijing's new licensing system delays exports while signaling tighter restrictions. The US relies heavily on Chinese supply, with only one domestic rare earth mine. Analysts warn the move could destabilize global tech and defense sectors. Washington has limited stockpiles, prompting urgent search for alternative sources. (PC: NDTV)
