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Trade war

China's state planner suggests using rare earths in US trade war

Reform commission's statement follows Xi Jinping visit to magnet plant last week

China is the world's largest supplier of key rare-earth metals used in many critical high-tech products.   © Reuters

BEIJING (Financial Times) -- China's powerful planning body has threatened to use rare earths exports as leverage in the trade war with the U.S., in a sign of increasing tensions between the two powers.

Rare earths, a group of 17 metals with a variety of high-tech applications, used in magnets, instrument displays and other strategic applications, are the one raw material where China dominates global supply.

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