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China’s weaponization of rare earths is very likely to backfire
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(Photo: Bloomberg)
David Fickling
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There was a time when China could cause the world to tremble by threatening its supply of rare earths. It’s long in the past.
That’s reason not to worry too much about news that Beijing is planning to ban exports of technology for refining that suite of minor metals. Such a move, if taken, is likely to backfire even more spectacularly than its previous attempts to weaponize the trade in rare earths itself.
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