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Reuters
China s state media outlets have hailed the surprising rise of the country s exports last year, with one notable exception a double-digit drop in supplies of minerals known as rare earths.
On Jan. 14, the Communist Party tabloid Global Times noted a 23.5-percent reduction in exports of rare earth elements (REEs), a class of 17 strategic materials used in products ranging from sophisticated magnets and cell phones to wind turbines and missile systems.
China is the dominant source of REEs, accounting for 62.8 percent of world production in 2019, according to U.S. Geological Survey data, although past published estimates have run as high as 99 percent.