In a move to clarify its position on critical resources, the Ministry of Commerce of the Chinese mainland recently addressed the implementation of export controls on rare earths and other vital minerals. During a statement released this Wednesday, the ministry emphasized that these controls are strictly conducted in accordance with national laws and regulations.
Rare earth elements are indispensable in the production of high-tech goods, ranging from smartphones and electric vehicles to advanced medical equipment, making them a focal point of global industrial strategy. The ministry clarified that license applications for the export of these minerals are reviewed diligently, provided they are compliant and intended for civilian use.
These remarks come as a response to recent statements from the United States regarding critical minerals. The clarification was provided by a ministry official while detailing the preliminary outcomes of the recently held China-US economic and trade consultations, highlighting the ongoing dialogue between the two nations.
Despite the complexities of international trade dynamics, the Chinese mainland continues to express a commitment to stability. The official noted that China is willing to collaborate with the United States to foster favorable conditions for mutually beneficial enterprise cooperation. This approach is aimed at ensuring the security and stable operation of global industrial and supply chains, which remain critical for global economic resilience in 2026.
Reference(s):
Commerce ministry: Rare earth export controls in line with laws
cgtn.com
