China has approved select rare-earth export applications to Europe, signaling a strategic move to address global industrial demands while reinforcing its commitment to stabilizing international supply chains. The announcement came during a regular press conference by the Chinese Ministry of Commerce on Thursday, where spokesperson He Yadong emphasized China's role as a 'responsible stakeholder' in global trade.
Rare earths, critical minerals used in electric vehicles, renewable energy systems, and advanced electronics, have become a focal point in global economic diplomacy. China accounts for over 60% of global rare-earth production, making its export policies pivotal for industries worldwide. The approvals follow months of negotiations between European manufacturers and Chinese suppliers amid growing concerns about supply bottlenecks.
'China has always attached great importance to maintaining the stability and security of global production and supply chains,' stated He Yadong. He added that export decisions align with international market needs and domestic regulations, ensuring 'mutually beneficial outcomes.'
Analysts suggest the move could ease tensions with the EU, which has sought to diversify its rare-earth sources while balancing decarbonization goals. The development also underscores China's calibrated approach to leveraging its mineral resources amid shifting geopolitical dynamics.
