|
|
|
|
|
01.10.26 - 01:51
|
US Ambassador Says China Is ′Weaponizing′ Rare-Earth Dominance (ZeroHedge)
|
|
|
US Ambassador Says China Is 'Weaponizing' Rare-Earth Dominance
Authored by Arthur Zhang via The Epoch Times,
Beijing is "weaponizing" its dominance of rare earths, and Chinese authorities have escalated restrictions on efforts to diversify supply chains away from China, U.S. Ambassador David Perdue said on Sept. 29.
A view of the MP Materials rare-earth open-pit mine in Mountain Pass, Calif., on Jan. 30, 2020. Steve Marcus/Reuters"This is a single-source dominant position that China is weaponizing against the world right now," Perdue said in a post on X.
"We have told them this is unacceptable," he said. "We are not going to live in a world where we have to go to China and kowtow to do business the way we want."
In another post the same day, Perdue described the changes as an escalation from controls on exports from China to restrictions with consequences for people and businesses seeking alternatives.
"Back in April of last year, China put the export regime process in place for rare-earth e...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18.09.26 - 22:57
|
China Rare Earth Giant Eyes Takeover Of MP Materials′ Seventh-Largest Shareholder As Resource War Intensifies (ZeroHedge)
|
|
|
China Rare Earth Giant Eyes Takeover Of MP Materials' Seventh-Largest Shareholder As Resource War Intensifies
One way to view the Reuters report saying that state-owned China Rare Earth Group is in takeover talks with Shenghe Resources is that the deal could further cement Beijing's control over critical materials, especially rare earths. But what's most intriguing is that Shenghe holds a minority stake in US rare earth producer MP Materials.
The potential takeover would bring one of China's top rare earth mining and refining companies under the state group's control, with some private ownership. It would also extend that control to Shenghe's overseas holdings, including a 3.11% stake (7th largest shareholder) in MP Materials.
The outlet reported:
Talks between the two companies have been underway since earlier this year, said the sources who spoke on the condition of anonymity given the sensitivity of the matter. China Rare Earth Group wants to take a controlling stake, one of the peop...
|
|
|
|
|
|
|
|
|
|
|
|
|
|