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China gears up to weaponise rare earths dominance in trade

Bloomberg
Bloomberg • 3 min read
China gears up to weaponise rare earths dominance in trade
SINGAPORE (June 3): Beijing is gearing up to use its dominance of rare earths as a counter in its trade battle with Washington, according to a salvo of media reports in China that included hints from the state planning agency. Stocks of producers surged.
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SINGAPORE (June 3): Beijing is gearing up to use its dominance of rare earths as a counter in its trade battle with Washington, according to a salvo of media reports in China that included hints from the state planning agency. Stocks of producers surged.

The US should not underestimate China’s ability to fight the trade war, the People’s Daily, a flagship newspaper of the ruling Communist Party, says in an editorial on May 29 that used some historically significant language on the weight of China’s intent.

The newspaper’s commentary includes a rare Chinese phrase that means “don’t say I didn’t warn you”.

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