One of China’s largest producers of rare earth elements has pledged to “strictly enforce government guidance” on export controls, a show of support from a major industry player as US officials harshly criticise Beijing’s recent expansion of licensing requirements for the crucial minerals. The statement from China Rare Earth Group – a conglomerate of state metals firms formed in 2021 – serves as a reaffirmation of Beijing’s resolve in consolidating its oversight of the rare earths trade, despite…
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