Jan. 8 at 3:41 PM
$EU "China Blocks Japan From 'Heavy' Rare-Earths Supply, Will Filter Down Across Global Supply Chains"
"The Wall Street Journal is confirming Thursday:
Then, in the days since, China began restricting exports to Japanese companies of scarce and expensive "heavy" rare earths, as well as the powerful magnets containing them, according to two exporters in China.
Another person familiar with Chinese government decisions said the review of applications for export licenses to Japan has been halted. The licensing restrictions extend across Japanese industry, the people said, and don’t only target Japanese defense companies.
Japan is the world’s second-largest producer of rare-earth magnets after China, but is hugely dependent on Chinese raw materials for their manufacture. According to 2024 data, Japan relied on China for 63% of its rare earth imports."
https://x.com/zerohedge/status/2009285246273966091?s=20
$EU $UAMY $MP $URA
