News about rare earth metals: events, facts and developments on tafs uz.
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The European Commission will present a mechanism in early December intended to push European companies to diversify suppliers and reduce strategic dependence on a single country. The unnamed target is China, which in 2025 blocked exports of rare earth metals and strategic chips. Business warns of rising costs.
Aziz KarimovChina's Foreign Ministry stated that export restrictions on rare earth elements for Japanese companies were introduced in accordance with Chinese law and are aimed against Tokyo's 'remilitarization.' According to the Financial Times, Japan's yttrium reserves could run out within months, threatening disruptions in the automotive, aerospace, and semiconductor industries. Tokyo, citing Japanese officials, has turned to the US for help.
Sevara Azamova
