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China gears up to weaponise rare earths as retaliation in trade war

China's rare earth market is dominated by a handful of producers including China Northern Rare Earth Group, Minmetals Rare Earth Co., Xiamen Tungsten Co. and Chinalco Rare Earth & Metals Co

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Illustration by Ajay Mohanty

Jason Rogers | Bloomberg
Beijing is gearing up to use its dominance of rare earths as a counter in its trade battle with Washington, according to a salvo of media reports in China that included hints from the state planning agency.

The U.S. shouldn’t underestimate China’s ability to fight the trade war, the People’s Daily, a flagship newspaper of the ruling Communist Party, said in a commentary Wednesday. It isn’t hard to answer the question whether China will use rare earths as a weapon as retaliation in the trade war, the paper said.

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About 80% of US rare earths supplies come from

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First Published: May 29 2019 | 7:39 AM IST

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