Jokeltje schreef op 5 april 2023 22:52:
Niet onbelangrijk voor de ganse sector van electrische voertuigen
baha breaking news[04/05/2023] 17:48
China considering banning exports of rare-earth magnet tech
The Chinese government is considering introducing an export ban on its rare-earth magnet technology to counter the United States' advantage in the global semiconductor market.
According to a report published by the Nikkei on Wednesday, Chinese officials finalized the stage of taking suggestions from industry experts and will update the revisions of its export restriction list soon, with the new changes expected later this year.
The high-performance magnets, whose production using these elements is widely dominated by China, are utilized in high-tech industries such as the production of electric vehicles. While the US has focused on setting up a rare-earth supply chain domestically in the past decade, it still relies on China for processing these rare materials.